SEC Form 4 · accession 0001140361-16-054781
PB Bancorp, Inc. · PBBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard A Loomis
Director
Period of report
Feb 17, 2016
Accepted (ET)
Feb 25, 2016 · 10:35 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001652106
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 36,380 | D | ||
| Common Stock | holding | — | — | — | 9,633 | I | By IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1 | — | Feb 17, 2016 | D | 2,444 | D | — | — | Common Stock | 2,444 | 0 | D |
Explanation of responses
- F1On February 17, 2016 the Issuer amended its director deferred compensation plan to eliminate the phantom stock component. Each share of phantom stock was cancelled and participants were credited with for $8.90 per share, which was the economic equivalent of one share of common stock as of January 22, 2016, with the funds remaining within the plan.