SEC Form 4 · accession 0001140361-17-030592
MSB FINANCIAL CORP · MSBF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary T Jolliffe
Director
Period of report
Aug 4, 2017
Accepted (ET)
Aug 8, 2017 · 4:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001635261
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 4,331 | I | By Equity Incentive Plan | |
| Common Stock | holding | — | — | — | 45,931 | D | ||
| Common Stock | holding | — | — | — | 40,405 | I | By IRA | |
| Common Stock | holding | — | — | — | 1,937 | I | By Spouse | |
| Common Stock | holding | — | — | — | 5,000 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $9.4323 | Aug 4, 2017 | J | 40,000 | D | May 9, 2009 | May 8, 2018 | Common Stock | 40,000 | 0 | D |
| Stock Options (Right to Buy) | $13.04 | holding | — | — | — | Jun 7, 2017 | Jun 6, 2026 | Common Stock | 10,556 | 10,556 | D |
Explanation of responses
- F1Pursuant to the terms of the stock option agreement, in lieu of the receipt of shares of common stock, upon the exercise of the options, the reporting person received a cash payment equal to the excess of the closing price of the common stock on the NASDAQ Stock Market on August 4, 2017 of $17.30 over the per share exercise price of $9.4323 multiplied by the number of options being exercised.