SEC Form 4 · accession 0001567619-18-000617
Provident Bancorp, Inc. · PVBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph B Reilly
Director
Period of report
Aug 1, 2018
Accepted (ET)
Aug 13, 2018 · 4:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001635840
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 1, 2018 | A | 4,862 | $0.00 | A | 4,862 | D | |
| Common Stock | holding | — | — | — | 400 | I | By Revocable Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $27.20 | Aug 1, 2018 | A | 12,170 | A | Aug 1, 2019 | Aug 1, 2028 | Common Stock | 12,170 | 12,170 | D |
Explanation of responses
- F1Shares of restricted stock vest at a rate of 20% per year commencing on August 1, 2019.
- F2Stock option vest at a rate of 20% per year commencing on August 1, 2019.