SEC Form 4 · accession 0001140361-16-068408
Pilgrim Bancshares, Inc. · PLRM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Francis E Campbell
Officer — Chairman, President and CEO · Director
Period of report
Jun 1, 2016
Accepted (ET)
Jun 3, 2016 · 1:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001601347
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 1, 2016 | A | 20,000 | $0.00 | A | 21,000 | D | |
| Common Stock | holding | — | — | — | 600 | I | By Spouse IRA | |
| Common Stock | holding | — | — | — | 550 | I | By Child | |
| Common Stock | holding | — | — | — | 900 | I | As custodian for child | |
| Common Stock | holding | — | — | — | 16,750 | I | By IRA | |
| Common StockF3 | holding | — | — | — | 1,531 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $12.85 | Jun 1, 2016 | A | 36,000 | A | Jun 1, 2017 | Jun 1, 2026 | Common Stock | 36,000 | 36,000 | D |
Explanation of responses
- F1Shares of restricted stock vest at a rate of 20% per year for three years commencing on June 1, 2017, with the remaining 40% vesting on June 1, 2020.
- F2Stock options vest at a rate of 20% per year commencing on June 1, 2017.
- F3Reflects transactions not required to be reported pursuant to Section of the Securities Exchange Act of 1934, as amended.