SEC Form 4 · accession 0001140361-16-089017

Bankwell Financial Group, Inc. · BWFG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Dec 5, 2016

Accepted (ET)

Dec 7, 2016 · 4:08 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^F2,F3	Dec 5, 2016	S	10,000	$29.00	D	206,192	D
Common Stock	Dec 6, 2016	M	3,850	$17.50	A	3,850	D
Common Stock^F1	holding	—	—		—	700	D
Common Stock	holding	—	—		—	21,845	I	Deferred Compensation Plan
Common Stock	holding	—	—		—	272,586	I	Held as Trustee

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Options^F4	$17.50	Dec 6, 2016	M	3,850	D	Dec 13, 2006	Dec 13, 2016	Common Stock	3,850	0	D
Stock Options^F5	$20.70	holding	—	—	—	Dec 12, 2007	Dec 12, 2017	Common Stock	2,875	2,875	D

F12,800 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, 2,100 Shares have vested and been moved to Direct Ownership.
F21,500 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, all 1,500 Shares have vested and been moved to Direct Ownership.
F35,663 of Shares reported are owned jointly with Spouse.
F4Stock Options granted pursuant to the 2006 Stock Option Plan, all of which are fully vested.
F5Stock Options granted pursuant to the 2007 Bank of New Canaan Stock Option Equity Award Plan, all of which are fully vested.