SEC Form 4 · accession 0001225208-16-040089
Wellesley Bancorp, Inc. · WEBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ralph Letner
Officer — SVP & Chief Lending Officer
Period of report
Oct 1, 2016
Accepted (ET)
Oct 4, 2016 · 4:50 pm 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 | Oct 1, 2016 | F | 317 | $21.94 | D | 1,357 | D | |
| Common Stock | holding | — | — | — | 1,278 | I | By 401(k) | |
| Common StockF2 | holding | — | — | — | 401 | I | By ESOP | |
| Common StockF1,F3 | holding | — | — | — | 3,000 | 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 | $19.00 | holding | — | — | — | — | Oct 1, 2024 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Since the reporting person's last report, 1,000 shares of restricted stock held indirectly under the Stock Award have vested. 683 of such vested shares are now held directly.
- F2This Form 4 reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
- F3Stock awards granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five equal installments commencing on October 1, 2015.
- F4Stock options granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five equal installments commencing on October 1, 2015.