SEC Form 4 · accession 0001615774-15-002232
MALVERN BANCORP, INC. · MLVF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P. O'Grady
Director
Period of report
Aug 11, 2015
Accepted (ET)
Aug 14, 2015 · 12:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001550603
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $11.90 | Aug 11, 2015 | X | 40,000 | D | Nov 24, 2014 | Jun 4, 2017 | Common stock | 40,000 | 0 | D |
Explanation of responses
- F1The reporting person originally received an option (the "Option") from the Stilwell Group to purchase up to 40,000 shares of Issuer's common stock from the Stilwell Group (which Option was amended and restated as of November 24, 2014 to permit its immediate exercise). On August 11, 2015, the reporting person surrendered the Option for 40,000 shares in a cashless exercise whereby he received a cash payment equal to the difference between the purchase price ($11.90 per share) and the closing price of the issuer's common stock on the date of exercise ($15.71 per share).