SEC Form 4 · accession 0001567619-19-003141
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 8, 2019
Accepted (ET)
Feb 12, 2019 · 11:45 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 StockF1,F2,F3 | Feb 8, 2019 | F | 527 | $28.7946 | D | 109,785 | D | |
| Common Stock | holding | — | — | — | 5,000 | I | IRA | |
| Common StockF4 | holding | — | — | — | 3,333 | D | ||
| Common StockF4 | holding | — | — | — | 5,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On 2/8/19 - 527 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.
- F2Range of reported sale price is $28.74-28.91. Reporting person agrees to provide individual transaction information to SEC upon request.
- F371,795 Shares reported are owned jointly with Spouse.
- F410,000 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. As of the Transaction Date, 1,667 Shares have vested. 5,000 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.