SEC Form 4 · accession 0001140361-17-021492
SI Financial Group, Inc. · SIFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark D Alliod
Director
Period of report
May 17, 2017
Accepted (ET)
May 19, 2017 · 1:28 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 | May 17, 2017 | M | 5,765 | $13.93 | A | 12,009 | D | |
| Common Stock | May 17, 2017 | F | 5,354 | $15.00 | D | 6,655 | D | |
| Common Stock | holding | — | — | — | 1,212 | I | By Daughter | |
| Common Stock | holding | — | — | — | 250 | I | By Daughter's IRA | |
| Common Stock | holding | — | — | — | 3,506 | I | By IRA | |
| Common StockF1,F2 | holding | — | — | — | 0 | I | By Performance Stock Award | |
| Common Stock | holding | — | — | — | 2,229 | I | By Spouse's IRA | |
| Common StockF1,F3 | holding | — | — | — | 0 | 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 OptionsF4 | $13.93 | May 17, 2017 | M | 5,765 | D | Jun 14, 2008 | Jun 14, 2017 | Common Stock | 5,765 | 3,216 | D |
| Stock OptionsF5 | $11.86 | holding | — | — | — | Sep 23, 2016 | Sep 23, 2025 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Since the reporting person's last report 750 shares of Stock Award II and 937 shares of Performance Stock awards have vested and are now held directly.
- F2The 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.
- F3Stock Awards granted pursuant to the SI Financial Group, Inc. 2012 Equity Incentive Plan vest in four equal annual installments commencing on October 24, 2013.
- F4Stock Options are fully vested and exercisable.
- F5Stock Options granted pursuant to the SI Financial Group, Inc. 2012 Equity Incentive Plan vest in five equal annual installments commencing on September 23, 2016.