SEC Form 4 · accession 0001140361-15-043889
Bankwell Financial Group, Inc. · BWFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher R Gruseke
Officer — President & CEO
Period of report
Dec 4, 2015
Accepted (ET)
Dec 8, 2015 · 1:14 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 StockF2 | Dec 4, 2015 | M | 4,509 | $14.00 | A | 4,509 | D | |
| Common StockF1 | holding | — | — | — | 40,000 | D | ||
| Common Stock | holding | — | — | — | 5,000 | D | ||
| Common StockF2 | holding | — | — | — | 14,000 | D | ||
| Common Stock | holding | — | — | — | 42,025 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF2 | $14.00 | Dec 4, 2015 | M | 4,509 | D | Oct 5, 2015 | Dec 5, 2015 | Common Stock | 4,509 | 0 | D |
Explanation of responses
- F140,000 shares of restricted stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal installments of 25%, with the first installment to vest on December 31, 2015 and an additional 25% to vest on the anniversary of the vesting date thereafter.
- F2All 14,000 Shares were Units, upon exercise of the Warrants on December 4 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.