SEC Form 4 · accession 0001225208-15-012149
SI Financial Group, Inc. · SIFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laurie L Gervais
Officer — Senior Vice President of the B
Period of report
May 14, 2015
Accepted (ET)
May 15, 2015 · 12:24 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 Stock | May 14, 2015 | M | 15,679 | $11.25 | A | 30,336 | D | |
| Common Stock | May 14, 2015 | S | 200 | $11.74 | D | 30,136 | D | |
| Common Stock | May 14, 2015 | S | 400 | $11.37 | D | 29,736 | D | |
| Common Stock | May 14, 2015 | S | 500 | $11.28 | D | 29,236 | D | |
| Common Stock | May 14, 2015 | S | 700 | $11.61 | D | 28,536 | D | |
| Common Stock | May 14, 2015 | S | 700 | $11.36 | D | 27,836 | D | |
| Common Stock | May 14, 2015 | S | 1,000 | $11.62 | D | 26,836 | D | |
| Common Stock | May 14, 2015 | S | 1,000 | $11.335 | D | 25,836 | D | |
| Common Stock | May 14, 2015 | S | 1,500 | $11.46 | D | 24,336 | D | |
| Common Stock | May 14, 2015 | S | 1,500 | $11.3494 | D | 22,836 | D | |
| Common Stock | May 14, 2015 | S | 2,800 | $11.35 | D | 20,036 | D | |
| Common Stock | May 14, 2015 | S | 5,379 | $11.2584 | D | 14,657 | D | |
| Common StockF1 | holding | — | — | — | 19,152 | 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 StockF1 | holding | — | — | — | 5,646 | I | By ESOP | |
| Common StockF2 | holding | — | — | — | 6,250 | I | By Performance Stock Award | |
| Common StockF3 | holding | — | — | — | 5,000 | I | By Stock Award |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF4 | $11.25 | May 14, 2015 | M | 15,679 | D | May 17, 2006 | May 17, 2015 | Common Stock | 15,679 | 0 | D |
| Stock OptionsF5 | $9.40 | holding | — | — | — | Feb 16, 2012 | Feb 16, 2021 | Common Stock | 5,000 | 5,000 | D |
| Stock OptionsF4 | $5.68 | holding | — | — | — | Feb 24, 2011 | Feb 24, 2020 | Common Stock | 4,490 | 4,490 | D |
| Stock OptionsF6 | $11.01 | holding | — | — | — | Oct 24, 2013 | Oct 24, 2022 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
- 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 granted pursuant to the SI Financial Group, Inc. 2005 Equity Incentive Plan are fully vested and exercisable.
- F5Stock Options granted pursuant to the SI Financial Group, Inc. 2005 Equity Incentive Plan vest in five equal annual installments commencing on February 16, 2012.
- F6Stock Options granted pursuant to the SI Financial Group, Inc. 2012 Equity Incentive Plan vest in five equal annual installments commencing on October 24, 2013.