SEC Form 4 · accession 0001209191-17-056981
Randolph Bancorp, Inc. · RNDB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael K Devlin
Officer — EVP, CFO and Treasurer
Period of report
Oct 12, 2017
Accepted (ET)
Oct 16, 2017 · 9:41 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001667161
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 12, 2017 | A | 23,475 | $0.00 | A | 27,475 | D | |
| Common Stock | holding | — | — | — | 329 | I | ESOP |
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)F2 | $14.66 | Oct 12, 2017 | A | 29,344 | A | — | Oct 11, 2027 | Common Stock | 29,344 | 29,344 | D |
Explanation of responses
- F1Acquisition represents award of restricted stock for no cash consideration. This restricted stock award vests in five equal annual installments beginning on October 12, 2018 so long as the executive remains an employee or Director of the Company; provided however that all shares of restricted stock shall vest upon the retirement of the executive if such retirement has been approved by the Board of Directors as part of a succession plan covering such executive.
- F2The options vest in five equal annual installments beginning on October 12, 2018 so long as the executive remains an employee or Director of the Company; provided however that all options shall vest upon the retirement of the executive if such retirement has been approved by the Board of Directors as part of a succession plan covering such executive.