SEC Form 4 · accession 0001140361-16-077607

MSB FINANCIAL CORP · MSBF

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Aug 22, 2016

Accepted (ET)

Aug 23, 2016 · 3:01 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001635261

Table I — non-derivative securities

Security	Date	Code	Shares	A/D	Owned after	D/I	Nature of ownership
Common Stock	holding	—	—	—	4,331	I	By Equity Incentive Plan
Common Stock	holding	—	—	—	9,788	D
Common Stock	holding	—	—	—	227	I	By Spouse
Common Stock	holding	—	—	—	22,866	I	By IRA

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to Buy)^F1	$13.04	Aug 22, 2016	J	1,508	D	Jun 7, 2017	Jun 6, 2026	Common Stock	1,508	10,556	D
Stock Option (Right to Buy)	$9.4323	holding	—	—	—	May 9, 2009	May 9, 2018	Common Stock	21,972	21,972	D

F1On August 22, 2016, the Reporting Person and the Company agreed to amend a previously-issued grant of stock options to reduce the number of shares of common stock that may be purchased upon exercise. The option was granted pursuant to the terms of the Company's 2016 Equity Incentive Plan which limited the aggregate number of options that may be granted to outside directors of the Company of which the Reporting Person is one to 84,449. Subsequent to the date of grant of the option, a new individual joined as an outside director. In order to permit the new director to participate in an equitable manner under the Plan and to further align his interests with that of stockholders generally, the outside directors each agreed to forfeit to the Company the right to purchase 1,508 shares. The option will continue to vest in increments of 20% of the reduced grant amount on each of the five anniversaries of the date of grant.