SEC Form 4 · accession 0001140361-15-039620
Bankwell Financial Group, Inc. · BWFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric J Dale
Director
Period of report
Nov 2, 2015
Accepted (ET)
Nov 4, 2015 · 1:40 pm EST
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 StockF4 | Nov 2, 2015 | M | 644 | $14.00 | A | 644 | D | |
| Common StockF1 | holding | — | — | — | 1,200 | D | ||
| Common StockF2 | holding | — | — | — | 1,000 | D | ||
| Common Stock | holding | — | — | — | 4,133 | I | Deferred Compensation Plan | |
| Common StockF3 | holding | — | — | — | 1,307 | I | Deferred Compensation Plan | |
| Common Stock | holding | — | — | — | 15,200 | D | ||
| Common StockF4 | holding | — | — | — | 2,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF4 | $14.00 | Nov 2, 2015 | M | 644 | D | Oct 5, 2015 | Dec 5, 2015 | Common Stock | 644 | 420 | D |
| WarrantsF3 | $14.00 | holding | — | — | — | Oct 5, 2015 | Dec 5, 2015 | Common Stock | 1,065 | 1,065 | D |
Explanation of responses
- F11,200 shares of restricted stock granted pursuant to the 2012 BNC Financial Group, Inc. Stock Plan and 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 1,307 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. These Warrants have not yet been exercised.
- F4All 2,000 Shares were Units, upon exercise of the Warrants on November 2, 2015, the Units became Common Stock. 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.