SEC Form 4 · accession 0001225208-17-010527
Clifton Bancorp Inc. · CSBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul M Aguggia
Officer — Chairman, President & CEO · Director
Period of report
May 25, 2017
Accepted (ET)
May 30, 2017 · 4:48 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 | Jun 10, 2016 | J | 20 | $14.96 | A | 30,020 | D | |
| Common Stock | Aug 26, 2016 | J | 20 | $15.00 | A | 30,040 | D | |
| Common Stock | Sep 2, 2016 | J | 27,295 | $0.00 | A | 57,335 | D | |
| Common Stock | May 25, 2017 | P | 8,264 | $16.2346 | A | 33,782 | I | By SERP |
| Common StockF3 | Sep 2, 2016 | J | 27,295 | $0.00 | D | 109,180 | I | By Stock Award |
| Common StockF4 | holding | — | — | — | 10,347 | I | By ESOP | |
| Common Stock | holding | — | — | — | 50,000 | I | By IRA |
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 | $13.84 | holding | — | — | — | Sep 2, 2016 | Sep 2, 2025 | Common Stock | 36,125 | 36,125 | D |
| Non-Qualified Stock OptionF6 | $13.84 | holding | — | — | — | Sep 2, 2016 | Sep 2, 2025 | Common Stock | 270,945 | 270,945 | D |
Explanation of responses
- F1This form reflects increases in beneficial ownership resulting from dividend reinvestment pursuant to Rule 16a-11.
- F2Since the reporting person's last report 27,295 shares previously held by Stock Award have vested and are now owned directly.
- 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.
- 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 Bancorp Inc. 2015 Equity Incentive Plan vest in five approximately equal annual installments commencing on September 2, 2016.
- F6Non-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.