SEC Form 4 · accession 0001140361-16-080806
SI Financial Group, Inc. · SIFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laurie L Gervais
Officer — EVP and CAO
Period of report
Sep 23, 2016
Accepted (ET)
Sep 27, 2016 · 3:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001500213
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 23, 2016 | F | 1,194 | $13.21 | D | 21,305 | D | |
| Common StockF2 | holding | — | — | — | 19,948 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 449 | I | By Custodian For Child 1 | |
| Common Stock | holding | — | — | — | 449 | I | By Custodian For Child 2 | |
| Common StockF2 | holding | — | — | — | 6,871 | I | By ESOP | |
| Common StockF3 | holding | — | — | — | 5,000 | I | By Performance Stock Award | |
| Common StockF4 | holding | — | — | — | 2,500 | I | By Stock Award | |
| Common StockF1,F5 | holding | — | — | — | 3,333 | I | By Stock Award II |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF6 | $5.68 | holding | — | — | — | Feb 24, 2011 | Feb 24, 2020 | Common Stock | 4,490 | 4,490 | D |
| Stock OptionsF6 | $9.40 | holding | — | — | — | Feb 16, 2012 | Feb 16, 2021 | Common Stock | 5,000 | 5,000 | D |
| Stock OptionsF7 | $11.01 | holding | — | — | — | Oct 24, 2013 | Oct 24, 2022 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1Since the reporting person's last report, 3,333 shares previously held by Stock Award II have vested and are now owned directly.
- F2Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
- F3The performance stock award vests in four equal annual installments commencing on February 26, 2014 and in each case is subject to continued employment with the Company and the achievement of certain performance metrics. If such performance metrics have not been satisfied as of such dates the awards may vest on a subsequent vesting date if the tangible book value of the Company's common stock on that date equals or exceeds the value on the grant date. All unvested award shares after the fourth vesting date will be forfeited.
- F4Stock Awards granted pursuant to the SI Financial Group, Inc. 2012 Equity Incentive Plan vest in four equal annual installments commencing on October 24, 2013.
- F5Stock Awards granted pursuant to the SI Financial Group, Inc. 2012 Equity Incentive Plan vest in three equal annual installments commencing on September 23, 2015.
- F6Stock Options are fully vested and exercisable.
- F7Stock Options granted pursuant to the SI Financial Group, Inc. 2012 Equity Incentive Plan vest in five equal annual installments commencing on October 24, 2013.