SEC Form 4 · accession 0001593968-18-000623
Blue Hills Bancorp, Inc. · BHBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M Parent
Officer — President + CEO
Period of report
Mar 21, 2018
Accepted (ET)
Mar 23, 2018 · 7:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001601545
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Mar 21, 2018 | D | 2,000 | $20.25 | D | 226,090 | D | |
| Common StockF2,F3 | Mar 21, 2018 | F | 1,767 | $20.25 | D | 224,323 | D | |
| Common Stock | holding | — | — | — | 3,650 | I | IRA | |
| Common StockF2 | holding | — | — | — | 5,705 | I | ESOP | |
| Common StockF2 | holding | — | — | — | 16,823 | I | 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF4 | $14.07 | holding | — | — | — | — | Oct 7, 2025 | Common Stock | 400,000 | 400,000 | D |
Explanation of responses
- F1On October 7, 2015, 40,000 shares of restricted stock were granted subject to reaching certain performance goals each year over the 5-year vesting period. On March 21, 2018, 75% of the second performance goal was met and 6,000 of the 8,000 shares due to vest were awarded. The remaining 2,000 shares were forfeited.
- F2Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- F3Some of these securities vest every year (at anniversary)over the next 5 years starting with the first vesting in 2016.
- F4These awards vest every year (at anniversary) over the next 5 years starting with the first vesting in 2016