SEC Form 4 · accession 0001225208-19-000349
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
Jan 1, 2019
Accepted (ET)
Jan 3, 2019 · 4:06 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 | Jan 1, 2019 | A | 1,500 | $0.00 | A | 1,500 | I | By Stock Award II |
| Common Stock | holding | — | — | — | 2,735 | D | ||
| Common Stock | holding | — | — | — | 1,864 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 1,026 | I | By ESOP | |
| Common StockF2 | 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
- F1Stock awards granted pursuant to the Wellesley Bancorp, Inc. 2016 Equity Incentive Plan vest in three approximately equal installments commencing on January 1, 2020.
- 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.