SEC Form 4 · accession 0001730259-18-000003
Northwest Bancshares, Inc. · NWBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis J Torchio
Officer — EVP Retail Lending
Period of report
May 14, 2018
Accepted (ET)
May 15, 2018 · 3:48 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 14, 2018 | A | 2,930 | $16.59 | A | 2,930 | D | |
| Northwest Bancshares, Inc. Common StockF3 | holding | — | — | — | 429 | 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)F2 | $16.59 | May 14, 2018 | A | 6,240 | A | May 14, 2018 | May 14, 2028 | Common Stock | 6,240 | 6,240 | D |
Explanation of responses
- F1One seventh of this grant of RRP shares will vest each year beginning May 14, 2018 and on each May 14th thereafter through May 14, 2024
- F2One seventh of this grant of stock options will vest each year beginning May 14, 2018 and on each May 14th thereafter through May 14, 2024.
- F3Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.