SEC Form 4 · accession 0001638599-16-001212
Pilgrim Bancshares, Inc. · PLRM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian W Noonan
Director
Period of report
Aug 3, 2016
Accepted (ET)
Aug 3, 2016 · 3:42 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 Stock | Aug 3, 2016 | S | 1,600 | $12.85 | D | 6,400 | I | By IRA |
| Common StockF1 | holding | — | — | — | 3,350 | D | ||
| Common Stock | holding | — | — | — | 500 | I | By Spouse | |
| Common Stock | holding | — | — | — | 500 | I | By Child |
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 | holding | — | — | — | Jun 1, 2017 | Jun 1, 2026 | Common Stock | 7,500 | 7,500 | 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 for three years commencing on June 1, 2017, with the remaining 40% vesting on June 1, 2020.