SEC Form 4 · accession 0001225208-17-014336
Clifton Bancorp Inc. · CSBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles J Pivirotto
Director
Period of report
Aug 22, 2017
Accepted (ET)
Aug 24, 2017 · 3:03 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 | Aug 22, 2017 | M | 6,405 | $9.03 | A | 21,164 | D | |
| Common Stock | Aug 22, 2017 | M | 1,000 | $9.03 | A | 22,164 | D | |
| Common StockF1 | Aug 22, 2017 | S | 6,405 | $15.7418 | D | 15,759 | D | |
| Common Stock | Aug 23, 2017 | M | 18,373 | $9.03 | A | 34,132 | D | |
| Common StockF2 | Aug 23, 2017 | S | 18,373 | $15.4974 | D | 15,759 | D | |
| Common Stock | holding | — | — | — | 5,000 | I | By Pivirotto & Co CPA 401(k) | |
| Common StockF3 | holding | — | — | — | 21,836 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF4 | $9.03 | Aug 22, 2017 | M | 1,000 | D | May 26, 2011 | May 26, 2020 | Common Stock | 1,000 | 71,453 | D |
| Stock OptionF4 | $9.03 | Aug 22, 2017 | M | 6,405 | D | May 26, 2011 | May 26, 2020 | Common Stock | 6,405 | 65,048 | D |
| Stock OptionF4 | $9.03 | Aug 23, 2017 | M | 18,373 | D | May 26, 2011 | May 26, 2020 | Common Stock | 18,373 | 46,675 | D |
| Stock OptionF5 | $13.84 | holding | — | — | — | Sep 2, 2016 | Sep 2, 2025 | Common Stock | 68,238 | 68,238 | 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 $15.70 to $15.85, 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 $15.45 to $15.60, 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.
- 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.
- F4Non-Statutory Stock Options granted pursuant to the Clifton Savings Bancorp, Inc. 2005 Equity Incentive Plan are fully vested and exercisable.
- F5Stock Options granted pursuant to the Clifton Bancorp Inc. 2015 Equity Incentive Plan vest in five approximately equal annual installments commencing on September 2, 2016.