SEC Form 4 · accession 0000927089-15-000597

STATE INVESTORS BANCORP, INC. · SIBC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP - Chief Credit Officer

Period of report

Nov 30, 2015

Accepted (ET)

Dec 1, 2015 · 5:30 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001513971

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	D/I	Nature of ownership
Common Stock^F1	Nov 30, 2015	D	3,836	$21.51	D	D
Common Stock^F2,F1	Nov 30, 2015	D	27,316	$21.51	D	I	By 401(k) Plan
Common Stock^F3,F1	Nov 30, 2015	D	2,654	$21.51	D	I	By ESOP

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F4	$11.82	Nov 30, 2015	D	14,547	D	—	Jan 24, 2022	Common Stock	14,547	0	D

F1Disposed of pursuant to the merger between the issuer and First NBC Bank Holding Company. Pursuant to the merger agreement, each share of State Investors Bancorp, Inc. common stock was converted into cash in the amount of $21.51.
F2Reflects units which represent share interests and a reserve of cash in the Issuer's 401(k) Plan.
F3The reported shares represent the number of shares allocated to the reporting person's ESOP account as of December 31, 2014.
F4The option which provided for vesting in seven equal annual installments beginning January 24, 2013, was cancelled pursuant to the merger agreement between issuer and First NBC Bank Holding Company. Pursuant to the merger agreement, each stock option was cancelled in exchange for a cash payment equal to the excess of $21.51 over the exercise price of such option.