SEC Form 4 · accession 0001225208-17-017720
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
Nov 27, 2017
Accepted (ET)
Nov 29, 2017 · 9:07 am EST
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 | Nov 27, 2017 | M | 108,378 | $13.84 | A | 193,008 | D | |
| Common Stock | Nov 27, 2017 | M | 14,450 | $13.84 | A | 207,458 | D | |
| Common StockF1 | Nov 27, 2017 | D | 122,828 | $17.10 | D | 84,630 | D | |
| Common Stock | holding | — | — | — | 10,347 | I | By ESOP | |
| Common Stock | holding | — | — | — | 50,000 | I | By IRA | |
| Common Stock | holding | — | — | — | 33,782 | I | By SERP | |
| Common StockF1,F2 | holding | — | — | — | 81,885 | 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 OptionF3 | $13.84 | Nov 27, 2017 | M | 14,450 | D | Sep 2, 2016 | Sep 2, 2025 | Common Stock | 14,450 | 21,675 | D |
| Non-Qualified Stock OptionF4 | $13.84 | Nov 27, 2017 | M | 108,378 | D | Sep 2, 2016 | Sep 2, 2025 | Common Stock | 108,378 | 162,567 | D |
Explanation of responses
- F1Since the reporting person's last report 27,295 shares previously held by Stock Award have vested and are now owned directly.
- F2Stock Awards granted pursuant to the Clifton Bancorp Inc. 2015 Equity Incentive Plan vest in five approximately equal annual installments commencing on September 2, 2016.
- F3Incentive 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.
- F4Non-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.