SEC Form 4 · accession 0001140361-17-046040
Bankwell Financial Group, Inc. · BWFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Blake S Drexler
Director
Period of report
Dec 12, 2017
Accepted (ET)
Dec 13, 2017 · 4:16 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 | Dec 12, 2017 | M | 2,788 | $20.70 | A | 139,975 | D | |
| Common Stock | holding | — | — | — | 27,186 | I | Deferred Compensation Plan | |
| Common Stock | holding | — | — | — | 58,224 | I | Held as Trustee | |
| Common StockF1 | holding | — | — | — | 5,000 | D | ||
| Common Stock | holding | — | — | — | 1,128 | I | IRA-401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $20.70 | Dec 12, 2017 | M | 2,788 | D | Dec 12, 2007 | Dec 12, 2017 | Common Stock | 2,788 | 0 | D |
Explanation of responses
- F15,000 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 2,500 shares, with the first installment to vest on December 29, 2017 and the remaining 2,500 shares to vest on December 31, 2018.
- F2Stock Options granted pursuant to the 2007 Bank of New Canaan Stock Option Equity Award Plan, all of which are fully vested.