SEC Form 4 · accession 0001140361-15-042727
Bankwell Financial Group, Inc. · BWFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George P Bauer
Director
Period of report
Nov 23, 2015
Accepted (ET)
Nov 24, 2015 · 2:33 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 StockF3 | Nov 23, 2015 | M | 17,894 | $14.00 | A | 17,894 | I | Held in Foundation |
| Common Stock | holding | — | — | — | 286,780 | D | ||
| Common StockF1 | holding | — | — | — | 400 | D | ||
| Common StockF2 | holding | — | — | — | 666 | D | ||
| Common Stock | holding | — | — | — | 111,585 | I | Held in Foundation | |
| Common StockF3 | holding | — | — | — | 55,556 | I | Held in Foundation |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF3 | $14.00 | Nov 23, 2015 | M | 17,894 | D | Oct 5, 2015 | Dec 5, 2015 | Common Stock | 17,894 | 0 | I |
Explanation of responses
- F1800 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. As of today, 400 Shares have vested.
- 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. As of today, 334 Shares have vested.
- F3All 55,556 Shares were Units, upon exercise of the Warrants on November 23, 2015, the Units became Common Stock. Each Unit consisted 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.