SEC Form 4 · accession 0001567619-18-001720
First Connecticut Bancorp, Inc. · FBNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Patrick Jr.
Officer — Chairman, President & CEO · Director
Period of report
Aug 21, 2018
Accepted (ET)
Aug 23, 2018 · 3:39 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 Stock | Aug 21, 2018 | M | 40,000 | $12.95 | A | 40,000 | D | |
| Common StockF1 | Aug 21, 2018 | S | 40,000 | $32.1704 | D | 0 | D | |
| Common Stock | holding | — | — | — | 11,978 | I | 401(k) | |
| Common Stock | holding | — | — | — | 33,864 | I | IRA | |
| Common Stock | holding | — | — | — | 100 | I | Held by Wife as Trustee for Minor Child | |
| Common Stock | holding | — | — | — | 100 | I | Held by Wife as Trustee for Minor Child | |
| Common Stock | holding | — | — | — | 100 | I | Held by Child | |
| Common Stock | holding | — | — | — | 6,879 | I | ESOP | |
| Common Stock | holding | — | — | — | 93,878 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $12.95 | Aug 21, 2018 | M | 40,000 | D | Sep 5, 2012 | Sep 5, 2022 | Common Stock | 344,621 | 304,621 | D |
| Restricted Stock UnitsF3 | $25.75 | holding | — | — | — | Feb 21, 2018 | Feb 21, 2020 | Common Stock | 2,591 | 2,591 | D |
| Restricted Stock UnitsF4 | $24.45 | holding | — | — | — | Feb 21, 2020 | Feb 21, 2020 | Common Stock | 7,772 | 7,772 | D |
| Restricted Stock UnitsF5 | $25.05 | holding | — | — | — | Feb 28, 2019 | Feb 28, 2021 | Common Stock | 5,023 | 5,023 | D |
| Restricted Stock UnitsF6 | $25.05 | holding | — | — | — | Feb 28, 2021 | Feb 28, 2021 | Common Stock | 7,795 | 7,795 | D |
Explanation of responses
- F1Range of reported purchase price is $31.90 - $32.35. Reporting person agrees to provide individual transaction information to SEC upon request.
- F2Stock options are fully vested.
- F3Represents restricted stock units issued to reporting person that will vest on February 21, 2018 (already vested), 2019 and 2020.
- F4Represents the maximum number of restricted stock units that may be earned by the reporting person pursuant to performance criteria vesting February 21, 2020 subject to an additional 2 year holding period.
- F5Represents restricted stock units issued to reporting person that will vest on February 28, 2019, 2020 and 2021.
- F6Represents the maximum number of restricted stock units that may be earned by the reporting person pursuant to performance criteria vesting February 28, 2021 subject to an additional 2 year holding period.