SEC Form 4 · accession 0001140361-16-087175
Pathfinder Bancorp, Inc. · PBHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Tascarella
Officer — SVP and CCO
Period of report
Nov 17, 2016
Accepted (ET)
Nov 18, 2016 · 11:56 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001609065
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 6, 2016 | A | 7,381 | $0.00 | A | 38,336 | D | |
| Common Stock | Nov 17, 2016 | M | 7,000 | $5.4638 | A | 45,336 | D | |
| Common Stock | holding | — | — | — | 2,787 | I | By ESOP | |
| Common stock | holding | — | — | — | 20,292 | I | By 401(K) | |
| Common stock | holding | — | — | — | 5,000 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF3 | $5.4638 | Nov 17, 2016 | M | 7,000 | D | Jun 23, 2012 | Jun 23, 2021 | Common Stock | 7,000 | 7,001 | D |
| Stock OptionsF2 | $11.35 | May 6, 2016 | A | 15,816 | A | May 6, 2017 | May 6, 2026 | Common Stock | 15,816 | 22,817 | D |
Explanation of responses
- F1Shares of restricted stock vest over a 7 year period at a rate of 14.285% per year commencing on May 6, 2017.
- F2Stock options vest over a 7 year period at a rate of 14.285% per year commencing on May 6, 2017.
- F3Stock options vest at a rate of 20% per year commencing on June 23, 2012