SEC Form 4 · accession 0001615774-17-001600
MALVERN BANCORP, INC. · MLVF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard Kent
Officer — Chairman of the Board · Director
Period of report
Mar 28, 2017
Accepted (ET)
Apr 10, 2017 · 7:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001550603
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 28, 2017 | A | 700 | $0.00 | A | 50,130 | D | |
| Common Stock | holding | — | — | — | 66,191 | I | Joint | |
| Common Stock | holding | — | — | — | 11,719 | I | Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $21.00 | Mar 28, 2017 | A | 1,000 | A | — | Mar 28, 2022 | Common Stock | 1,000 | 1,000 | D |
Explanation of responses
- F1The 700 restricted shares granted on March 28, 2017 vest in five 20% increments beginning on the one year anniversary of the grant date and were granted under the Company's 2014 Long-Term Incentive Compensation Plan
- F2The option becomes exercisable in five equal annual installments on March 28, 2018, 2019, 2020, 2021, 2022