SEC Form 4 · accession 0001225208-16-038978
Clifton Bancorp Inc. · CSBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patricia Hrotko
Officer — Executive Vice President
Period of report
Sep 2, 2016
Accepted (ET)
Sep 7, 2016 · 5:04 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 StockF1 | Sep 2, 2016 | F | 2,469 | $14.97 | D | 4,542 | D | |
| Common StockF2 | holding | — | — | — | 558 | I | By 401(k) | |
| Common StockF2 | holding | — | — | — | 4,052 | I | By ESOP | |
| Common Stock | holding | — | — | — | 3,000 | I | By IRA | |
| Common StockF1,F3 | holding | — | — | — | 27,295 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock OptionF4 | $13.84 | holding | — | — | — | Sep 2, 2016 | Sep 2, 2025 | Common Stock | 36,125 | 36,125 | D |
| Non-Qualified Stock OptionF5 | $13.84 | holding | — | — | — | Sep 2, 2016 | Sep 2, 2025 | Common Stock | 15,053 | 15,053 | D |
Explanation of responses
- F1Since the reporting person's last report 6,824 shares previously held by Stock Award have vested and are now owned directly.
- F2This form reflects changes in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
- F3Stock Awards granted pursuant to the Clifton Bancorp Inc. 2015 Equity Incentive Plan vest in five approximately equal annual installments commencing on September 2, 2016.
- F4Incentive Stock Options granted pursuant to the Clifton Bancorp Inc. 2015 Equity Incentive Plan vest in five approximately equal annual installments commencing on September 2, 2016.
- F5Non-Qualified Stock Options granted pursuant to the Clifton Bancorp Inc. 2015 Equity Incentive Plan vest in five approximately equal annual installments commencing on September 2, 2016.