SEC Form 4 · accession 0001140361-18-009605
Bankwell Financial Group, Inc. · BWFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher R Gruseke
Officer — President & CEO
Period of report
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 4:25 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 StockF3 | Feb 20, 2018 | A | 5,000 | $0.00 | A | 5,000 | D | |
| Common StockF3 | Feb 20, 2018 | A | 5,000 | $0.00 | A | 5,000 | D | |
| Common StockF1 | holding | — | — | — | 10,000 | D | ||
| Common StockF2 | holding | — | — | — | 96,794 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F140,000 shares of restricted stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal installments of 25%, with the first installment to vest on December 1, 2015 and an additional 25% to vest on the anniversary of the vesting date thereafter. As of the Transaction Date, 30,000 Shares have vested.
- F261,794 Shares reported are owned jointly with Spouse.
- F310,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 5,000 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2019 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 5,000 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.