SEC Form 4 · accession 0001567619-19-003142
Bankwell Financial Group, Inc. · BWFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laura Waitz
Officer — EVP & Chief of Staff
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 StockF2 | Feb 8, 2019 | F | 185 | $28.74 | D | 315 | D | |
| Common StockF1 | holding | — | — | — | 5,625 | D | ||
| Common StockF3 | holding | — | — | — | 1,000 | D | ||
| Common StockF3 | holding | — | — | — | 1,500 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F17,500 shares of restricted stock granted pursuant to the 2012 BNC Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment to vest on August 31, 2018 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. 1,875 Shares have vested.
- F2On 2/8/19 - 185 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.
- F33,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 1,500 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, 500 Shares have vested. 1,500 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.