SEC Form 4 · accession 0001140361-16-054541
Bankwell Financial Group, Inc. · BWFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frederick R Afragola
Director
Period of report
Feb 22, 2016
Accepted (ET)
Feb 23, 2016 · 3:58 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 Stock | Feb 22, 2016 | M | 5,000 | $14.50 | A | 5,000 | D | |
| Common StockF1 | holding | — | — | — | 38,079 | D | ||
| Common StockF2 | holding | — | — | — | 200 | D | ||
| Common StockF3 | holding | — | — | — | 333 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF4 | $14.50 | Feb 22, 2016 | M | 5,000 | D | Feb 22, 2006 | Feb 22, 2016 | Common Stock | 5,000 | 0 | D |
| Stock OptionsF4 | $18.50 | holding | — | — | — | Sep 27, 2006 | Sep 27, 2016 | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F13,540 of Shares reported are owned jointly with Spouse.
- F2400 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.
- F31,000 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, 667 Shares have vested.
- F4Stock Options granted pursuant to the 2002 Bank Management, Director and Founder Stock Option Plan, all of which are fully vested.