SEC Form 4 · accession 0001140361-15-038149
Bankwell Financial Group, Inc. · BWFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel S Jones
Director
Period of report
Oct 20, 2015
Accepted (ET)
Oct 21, 2015 · 3:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001505732
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 20, 2015 | M | 820 | $15.50 | A | 820 | D | |
| Common StockF1 | holding | — | — | — | 1,300 | D | ||
| Common StockF2 | holding | — | — | — | 1,000 | D | ||
| Common Stock | holding | — | — | — | 7,833 | I | Deferred Compensation Plan | |
| Common StockF3 | holding | — | — | — | 2,513 | I | Deferred Compensation Plan | |
| Common Stock | holding | — | — | — | 118,011 | D | ||
| Common StockF4 | holding | — | — | — | 26,968 | D | ||
| Common Stock | holding | — | — | — | 33,840 | I | Joint with Wife | |
| Common StockF5 | holding | — | — | — | 26,968 | I | Joint with Wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF6 | $15.50 | Oct 20, 2015 | M | 820 | D | Dec 22, 2005 | Dec 22, 2015 | Common Stock | 820 | 0 | D |
| Stock OptionsF7 | $17.50 | holding | — | — | — | Dec 13, 2006 | Dec 13, 2016 | Common Stock | 2,900 | 2,900 | D |
| Stock OptionsF8 | $20.70 | holding | — | — | — | Dec 12, 2007 | Dec 12, 2017 | Common Stock | 2,569 | 2,569 | D |
| WarrantsF3,F4,F5 | $14.00 | holding | — | — | — | Oct 5, 2015 | Dec 5, 2015 | Common Stock | 18,182 | 18,182 | D |
Explanation of responses
- F11,300 shares of restricted stock granted pursuant to the 2012 BNC Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment to vest on November 5, 2014 and an additional 25% to vest on each annual anniversary of the grant date thereafter.
- F21,000 shares of restricted stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. The shares vest in three substantially equal installments - the first immediately on December 15, 2014 and then on each of December 3, 2015 and December 3, 2016.
- F3All 2,513 Shares are Units. Each Unit consists of one share of Common Stock and an attached Warrant which gives the Reporting Person the right to purchase .3221 shares of the Company's Common Stock at $14.00 per share once exercised. The exercise period for the Warrants is currently set for October 5, 2015 through December 5, 2015. The associated Common Stock is disclosed in Table I, and the associated Warrants in Table II.
- F4All 26,968 Shares are Units. Each Unit consists of one share of Common Stock and an attached Warrant which gives the Reporting Person the right to purchase .3221 shares of the Company's Common Stock at $14.00 per share once exercised. The exercise period for the Warrants is currently set for October 5, 2015 through December 5, 2015. The associated Common Stock is disclosed in Table I, and the associated Warrants in Table II.
- F5All 26,968 Shares are Units. Each Unit consists of one share of Common Stock and an attached Warrant which gives the Reporting Person the right to purchase .3221 shares of the Company's Common Stock at $14.00 per share once exercised. The exercise period for the Warrants is currently set for October 5, 2015 through December 5, 2015. The associated Common Stock is disclosed in Table I, and the associated Warrants in Table II.
- F6Stock Options granted pursuant to the 2002 Bank Management, Director and Founder Stock Option Plan, all of which are fully vested.
- F7Stock Options granted pursuant to the 2006 Stock Option Plan, all of which are fully vested.
- F8Stock Options granted pursuant to the 2007 Bank of New Canaan Stock Option Equity Award Plan, all of which are fully vested.