SEC Form 4 · accession 0001187006-15-000001
Northwest Bancshares, Inc. · NWBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Wagner
Officer — President & CEO · Director
Period of report
May 20, 2015
Accepted (ET)
May 22, 2015 · 2:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001471265
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Northwest Bancshares, Inc. Common StockF1 | May 20, 2015 | A | 11,250 | $12.31 | A | 248,832 | D | |
| Northwest Bancshares, Inc. Common Stock | holding | — | — | — | 170,992 | I | Wife | |
| Northwest Bancshares, Inc. Common Stock | holding | — | — | — | 4,762 | I | IRA | |
| Northwest Bancshares, Inc. Common Stock | holding | — | — | — | 5,840 | I | Wife's IRA | |
| Northwest Bancshares, Inc. Common Stock | holding | — | — | — | 3,399 | I | Trust For Daughter | |
| Northwest Bancshares, Inc. Common Stock | holding | — | — | — | 3,407 | I | Trust For Son | |
| Northwest Bancshares, Inc. Common StockF3 | holding | — | — | — | 192,638 | I | 401-K | |
| Northwest Bancshares, Inc. Common StockF4 | holding | — | — | — | 35,942 | I | ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2 | $12.37 | May 20, 2015 | A | 24,000 | A | May 20, 2015 | May 20, 2025 | Common Stock | 24,000 | 24,000 | D |
Explanation of responses
- F1One tenth of this grant of RRP shares will vest each year beginning May 20, 2015 and on each May 20th thereafter through May 20, 2024.
- F2One tenth of this grant of stock options will vest each year beginning May 20, 2015 and on each May 20th thereafter through May 20, 2024.
- F3Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- F4Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended. In addition, since the date of last ownership report, the reporting person moved 27,781.431 shares held in his ESOP to his 401-K pursuant to a diversification election made under the Internal Revenue Code.