SEC Form 4 · accession 0001204555-16-000009
Northwest Bancshares, Inc. · NWBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William W Harvey
Officer — Sr. EVP & CFO
Period of report
May 25, 2016
Accepted (ET)
May 27, 2016 · 2:46 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. | May 25, 2016 | X | 12,937 | $11.12 | A | 138,802 | D | |
| Northwest Bancshares, Inc.F1 | May 25, 2016 | S | 12,937 | $14.7712 | D | 125,865 | D | |
| Northwest Bancshares, Inc. | May 25, 2016 | M | 12,936 | $9.79 | A | 138,801 | D | |
| Northwest Bancshares, Inc.F4 | May 25, 2016 | F | 8,575 | $14.77 | D | 130,226 | D | |
| Northwest Bancshares, Inc. | holding | — | — | — | 686 | I | IRA | |
| Northwest Bancshares, Inc. | holding | — | — | — | 686 | I | Wife's IRA | |
| Northwest Bancshares, Inc.F2 | holding | — | — | — | 12,194 | I | 401-K | |
| Northwest Bancshares, Inc.F3 | holding | — | — | — | 16,432 | 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) | $11.12 | May 25, 2016 | X | 12,937 | D | Jan 16, 2009 | Jan 16, 2018 | Common Stock | 12,937 | 0 | D |
| Stock Options (Right to Buy) | $9.79 | May 25, 2016 | M | 12,936 | D | Nov 19, 2009 | Nov 19, 2018 | Northwest Bancshares, Inc. Common Stock | 12,936 | 0 | D |
Explanation of responses
- F1Average price of 11 lots with a high of $14.80 and a low of $14.75.
- F2Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- F3Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- F4Constructively exchanged 8575 shares in order to exercise 12,936 stock options. The number of shares issued was 4361 .