SEC Form 4 · accession 0001140361-17-001687
Bankwell Financial Group, Inc. · BWFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raymond W Palumbo
Director
Period of report
Jan 10, 2017
Accepted (ET)
Jan 12, 2017 · 3:20 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 | Jan 10, 2017 | A | 1,000 | $0.00 | A | 1,000 | D | |
| Common StockF1 | holding | — | — | — | 5,709 | D | ||
| Common Stock | holding | — | — | — | 1,440 | I | Deferred Compensation Plan | |
| Common Stock | holding | — | — | — | 2,275 | I | 1/4 Owner - Four Brothers Realty LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF3 | $17.86 | holding | — | — | — | Oct 1, 2014 | Jan 18, 2023 | Common Stock | 5,040 | 5,040 | D |
| WarrantsF3 | $17.86 | holding | — | — | — | Oct 1, 2014 | Mar 5, 2018 | Common Stock | 2,800 | 2,800 | D |
Explanation of responses
- F1300 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.
- F21,000 shares of restricted stock granted on January 10, 2017, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in two equal annual installments of 500 shares, with the first installment to vest on December 29, 2017 and the remaining 500 shares to vest on December 31, 2018.
- F3Fully vested.