SEC Form 4 · accession 0001567619-19-003139
Bankwell Financial Group, Inc. · BWFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christine Chivily
Officer — Chief Risk & Credit Officer
Period of report
Feb 8, 2019
Accepted (ET)
Feb 12, 2019 · 11:43 am 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 | Feb 8, 2019 | F | 93 | $28.70 | D | 7,084 | D | |
| Common StockF1 | holding | — | — | — | 700 | D | ||
| Common StockF1 | holding | — | — | — | 552 | D | ||
| Common StockF3 | holding | — | — | — | 500 | D | ||
| Common StockF3 | holding | — | — | — | 750 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F110,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 3,500 of those shares are restricted stock that will vest in five equal annual installments of 20%, with the first installment to vest on December 1, 2015 and an additional 20% to vest on each annual anniversary of the vesting date thereafter. As of the Transaction Date, 2,800 Shares have vested. 2,210 of those shares are restricted stock that will vest in four equal annual installments of 25%, with the first installment to vest on December 1, 2016 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the Transaction Date, 1,658 Shares have vested. 4,290 of those shares are performance restricted stock and may vest when and if the performance goals are achieved, but in any event no later than December 1, 2019. As of the Transaction Date, all 4,290 Performance Shares have vested.
- F2On 2/8/19 - 93 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover tax liability with respect to the vesting of restricted stock previously reported.
- F31,500 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 750 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. As of the Transaction Date, 250 Shares have vested. 750 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.