SEC Form 4 · accession 0001140361-15-034647
First Connecticut Bancorp, Inc. · FBNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth F Burns
Officer — EVP, Director Retail Banking
Period of report
Sep 4, 2015
Accepted (ET)
Sep 9, 2015 · 12:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001511198
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3,F4,F5,F6,F7,F8 | Sep 4, 2015 | F | 3,106 | $17.05 | D | 29,165 | D | |
| Common Stock | holding | — | — | — | 27,329 | I | IRA | |
| Common Stock | holding | — | — | — | 3,491 | I | ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF9 | $12.95 | holding | — | — | — | Sep 5, 2012 | Sep 5, 2022 | Common Stock | 86,400 | 86,400 | D |
Explanation of responses
- F148,000 Shares of Restricted stock granted pursuant to the First Connecticut Bancorp, Inc.'s 2012 Stock Incentive Plan and will vest in five equal annual installments of 20%, the first installment of 9,600 shares vested on the grant date of which 3,019 were withheld by First Connecticut Bancorp, Inc. for tax liability purposes. An additional 20% to vest on each annual anniversary of the grant date thereafter.
- F21,500 shares sold on 12/03/12 from the vested shares obtained from original grant of 48,000 of which 9,600 shares vested immediately, the reporting person received 6,581 shares after netting for tax withholding purposes.
- F31,000 shares sold on 06/14/13 from the vested shares obtained from original grant of 48,000 of which 9,600 shares vested immediately, the reporting person received 6,581 shares after netting for tax withholding purposes.
- F43,000 shares sold on 9/11/13 from the vested shares obtained from original grant of 48,000 of which 9,600 shares vested immediately, the reporting person received 6,581 shares after netting for tax withholding purposes.
- F59,600 shares vested on 9/5/13 of which 3,106 were withheld by First Connecticut Bancorp, Inc. for tax liablity purposes.
- F61,000 shares sold on 6/12/14 from vested shares.
- F7On 9/5/14 3,104 Shares were withheld by First Connecticut Bancorp, Inc. for tax liability purposes with respect to the vesting of restricted stock previously reported.
- F8On 9/4/2015 3,106 Shares were withheld by First Connecticut Bancorp, Inc. for tax liability purposes with respect to the vesting of restricted stock previously reported.
- F9Stock options granted pursuant to the First Connecticut Bancorp, Inc.'s 2012 Non-Qualified Stock Option Award Agreement and are exercisable in equal 20% increments over a five year period, the first 20% having vested on the grant date and the subsequent vesting on each September 5th of the following years.