SEC Form 4 · accession 0001225208-18-014575
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, 2018
Accepted (ET)
Oct 12, 2018 · 12:17 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, 2018 | F | 296 | $34.00 | D | 2,735 | D | |
| Common Stock | holding | — | — | — | 1,864 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 1,026 | I | By ESOP | |
| Common StockF1,F2 | holding | — | — | — | 1,000 | 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)F3 | $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 by Stock Award have vested and are now owned directly.
- F2Stock awards granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five equal installments commencing on October 1, 2015.
- F3Stock options granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five equal installments commencing on October 1, 2015.