SEC Form 4 · accession 0001386958-17-000002
Northwest Bancshares, Inc. · NWBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Young
Officer — EVP Chief Information Officer
Period of report
Feb 22, 2017
Accepted (ET)
Feb 24, 2017 · 4:43 pm EST
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. | Feb 22, 2017 | M | 5,625 | $11.12 | A | 51,869 | D | |
| Northwest Bancshares, Inc.F1,F2 | Feb 22, 2017 | F | 3,422 | $18.28 | D | 48,447 | D | |
| Northwest Bancshares, Inc.F3 | holding | — | — | — | 5,800 | I | IRA | |
| Northwest Bancshares, Inc.F4 | holding | — | — | — | 13,919 | I | 401-K |
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 | Feb 22, 2017 | M | 5,625 | D | Jan 16, 2009 | Jan 16, 2018 | Common Stock | 5,625 | 0 | D |
Explanation of responses
- F1Constructively exchanged 3,422 shares in order to exercise 5,625 stock options. The number of shares issued was 2,203.
- 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.
- F4Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.