SEC Form 4 · accession 0001225208-16-033880
Wellesley Bancorp, Inc. · WEBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edwin G Silver
Director
Period of report
May 20, 2016
Accepted (ET)
May 24, 2016 · 10:09 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001526952
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 20, 2016 | S | 173 | $19.31 | D | 2,166 | D | |
| Common Stock | holding | — | — | — | 20,000 | I | By IRA | |
| Common StockF2,F3 | holding | — | — | — | 1,445 | I | By Stock Award |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F4 | $15.35 | holding | — | — | — | Oct 1, 2013 | Oct 1, 2022 | Common Stock | 9,027 | 9,027 | D |
Explanation of responses
- F1Since the reporting person's last report 2,166 shares previously held by Stock Award have vested and are now owned directly. The reporting person has also disposed of 187.6664 shares held in his ESOP pursuant to a diversification election made under the Internal Revenue Code.
- F2Since the reporting person's last report 2,166 shares previously held by Stock Award have vested and are now owned directly.
- F3Stock awards granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five approximately equal installments commencing on October 1, 2013.
- F4Stock options granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five approximately equal installments commencing on October 1, 2013.