SEC Form 4 · accession 0001140361-16-089019
Bankwell Financial Group, Inc. · BWFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd Lampert
Director
Period of report
Dec 5, 2016
Accepted (ET)
Dec 7, 2016 · 4:09 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,F3 | Dec 5, 2016 | S | 1,218 | $29.1609 | D | 27,209 | D | |
| Common Stock | Dec 6, 2016 | S | 2,907 | $29.269 | D | 24,302 | D | |
| Common StockF1 | holding | — | — | — | 350 | D | ||
| Common Stock | holding | — | — | — | 3,898 | I | Custodian for Minor |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF4 | $17.50 | holding | — | — | — | Dec 13, 2006 | Dec 13, 2016 | Common Stock | 4,125 | 4,125 | D |
| Stock OptionsF5 | $20.70 | holding | — | — | — | Dec 12, 2007 | Dec 12, 2017 | Common Stock | 3,871 | 3,871 | D |
| Stock OptionsF5 | $20.70 | holding | — | — | — | Dec 12, 2007 | Dec 12, 2017 | Common Stock | 1,456 | 1,456 | D |
Explanation of responses
- F11,400 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, 1,050 Shares have vested and been moved to Direct Ownership
- 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, all Shares have vested and been moved to Direct Ownership.
- F39,499 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.