SEC Form 4 · accession 0001225208-15-012112
Clifton Bancorp Inc. · CSBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christine R Piano
Officer — EVP, CFO & Treasurer
Period of report
May 12, 2015
Accepted (ET)
May 14, 2015 · 4:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001592329
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 12, 2015 | M | 27,718 | $10.46 | A | 62,674 | D | |
| Common Stock | May 12, 2015 | M | 17,263 | $10.46 | A | 79,937 | D | |
| Common StockF1 | May 12, 2015 | S | 17,263 | $14.0193 | D | 62,674 | D | |
| Common StockF2 | May 12, 2015 | S | 27,718 | $13.9704 | D | 34,956 | D | |
| Common Stock | May 13, 2015 | M | 23,437 | $10.46 | A | 58,393 | D | |
| Common StockF3 | May 13, 2015 | S | 23,437 | $13.9997 | D | 34,956 | D | |
| Common Stock | May 14, 2015 | M | 7,104 | $10.46 | A | 42,060 | D | |
| Common StockF1 | May 14, 2015 | S | 7,104 | $14.0095 | D | 34,956 | D | |
| Common StockF4 | May 14, 2015 | J | 30 | $0.00 | A | 1,390 | I | By 401(k) |
| Common StockF4 | holding | — | — | — | 33,244 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock OptionF5 | $10.46 | May 12, 2015 | M | 17,263 | D | Aug 31, 2005 | Aug 31, 2015 | Common Stock | 17,263 | 30,541 | D |
| Non-Statutory Stock OptionF6 | $10.46 | May 12, 2015 | M | 27,718 | D | Aug 31, 2005 | Aug 31, 2015 | Common Stock | 27,718 | 0 | D |
| Incentive Stock OptionF5 | $10.46 | May 13, 2015 | M | 23,437 | D | Aug 31, 2005 | Aug 31, 2015 | Common Stock | 23,437 | 7,104 | D |
| Incentive Stock OptionF5 | $10.46 | May 14, 2015 | M | 7,104 | D | Aug 31, 2005 | Aug 31, 2015 | Common Stock | 7,104 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.99 to $14.04, inclusive. The reporting person undertakes to provide to Clifton Bancorp Inc., any security holder of Clifton Bancorp Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.95 to $14.02, inclusive. The reporting person undertakes to provide to Clifton Bancorp Inc., any security holder of Clifton Bancorp Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.96 to $14.05, inclusive. The reporting person undertakes to provide to Clifton Bancorp Inc., any security holder of Clifton Bancorp Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
- F4This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
- F5Incentive Stock Options granted pursuant to the Clifton Savings Bancorp, Inc. 2005 Equity Incentive Plan are fully vested and exercisable.
- F6Non-Statutory Stock Options granted pursuant to the Clifton Savings Bancorp, Inc. 2005 Equity Incentive Plan are fully vested and exercisable.