SEC Form 4 · accession 0000927089-15-000604
STATE INVESTORS BANCORP, INC. · SIBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony Sciortino Jr.
Officer — Chief Operations Officer*
Period of report
Nov 30, 2015
Accepted (ET)
Dec 1, 2015 · 5:36 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 | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 30, 2015 | D | 3,884 | $21.51 | D | 0 | D | |
| Common StockF2,F1 | Nov 30, 2015 | D | 10,929 | $21.51 | D | 0 | I | By 401(k) Plan |
| Common StockF3,F1 | Nov 30, 2015 | D | 2,338 | $21.51 | D | 0 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Sstock Option Plan (Right to Buy)F4 | $11.82 | Nov 30, 2015 | D | 14,547 | D | — | Jan 24, 2022 | Common Stock | 14,547 | 0 | D |
| Employee Sstock Option Plan (Right to Buy)F5 | $15.99 | Nov 30, 2015 | D | 10,000 | D | — | Jan 24, 2024 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- 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.
- F5The option which provided for vesting in five equal annual installments beginning January 24, 2015, 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.
Remarks
* Senior Vice President and Chief Operations Officer of State-Investors Bank (Issuer Subsidiary)