SEC Form 4 · accession 0001225208-17-018205
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
Dec 4, 2017
Accepted (ET)
Dec 5, 2017 · 3:59 pm 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 | Dec 4, 2017 | M | 33,317 | $13.84 | A | 88,312 | D | |
| Common Stock | Dec 4, 2017 | M | 14,450 | $13.84 | A | 102,762 | D | |
| Common StockF1 | Dec 4, 2017 | D | 47,767 | $17.49 | D | 54,995 | D | |
| Common Stock | holding | — | — | — | 1,362 | I | By 401(k) | |
| Common StockF2 | holding | — | — | — | 44,283 | I | By ESOP | |
| Common StockF1,F3 | holding | — | — | — | 36,848 | 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 | Dec 4, 2017 | M | 14,450 | D | Sep 2, 2016 | Sep 2, 2025 | Common Stock | 14,450 | 21,675 | D |
| Non-Qualified Stock OptionF5 | $13.84 | Dec 4, 2017 | M | 33,317 | D | Sep 2, 2016 | Sep 2, 2025 | Common Stock | 33,317 | 49,974 | D |
Explanation of responses
- F1Since the reporting person's last report 12,283 shares previously held by Stock Award have vested and are now owned directly.
- F2This form reflects increases 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.