SEC Form 4 · accession 0001225208-17-017474
Wellesley Bancorp, Inc. · WEBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nancy Marden Goodall
Director
Period of report
Nov 17, 2017
Accepted (ET)
Nov 17, 2017 · 5:38 pm EST
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 | Nov 17, 2017 | S | 9,300 | $27.00 | D | 0 | I | By Pension Plan |
| Common Stock | holding | — | — | — | 3,611 | D | ||
| Common Stock | holding | — | — | — | 10,000 | I | By IRA | |
| Common Stock | holding | — | — | — | 12,500 | I | By Profit Sharing Plan |
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)F2 | $15.35 | holding | — | — | — | Oct 1, 2013 | Oct 1, 2022 | Common Stock | 9,027 | 9,027 | D |
Explanation of responses
- F1The shares being sold are held by the reporting person's employer's pension plan (the "Pension Plan"). The Pension Plan is being terminated and as a result, all assets, including shares of Wellesley Bancorp Inc. common stock held in the Pension Plan are being sold.
- F2Stock options granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five approximately equal installments commencing on October 1, 2013.