SEC Form 5 · accession 0001140361-16-049164
Bankwell Financial Group, Inc. · BWFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Fitzpatrick
Director
Period of report
Dec 31, 2015
Accepted (ET)
Jan 29, 2016 · 3:06 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 StockF1 | holding | — | — | — | 200 | D | ||
| Common StockF2 | holding | — | — | — | 334 | D | ||
| Common StockF3,F4 | holding | — | — | — | 4,084 | I | Deferred Compensation Plan | |
| Common Stock | holding | — | — | — | 8,171 | D |
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 | holding | — | — | — | Oct 5, 2015 | Dec 5, 2015 | Common Stock | 145 | 0 | I |
Explanation of responses
- F1400 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 the Transaction Date, 200 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 the Transaction Date, 666 Shares have vested.
- F3This Form 5 is being filed to update the Deferred Compensation Warrants that were exercised in 2015. All 451 Shares were Units, upon exercise of the Warrants, 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 (145 Shares). The exercise period for the Warrants was 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.
- F4This Form 5 is being filed to update the total amount of Deferred Compensation held as of 12/31/15 - 4,084.