SEC Form 4 · accession 0001596771-18-000030
Sterling Bancorp, Inc. · SBT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas W. Lopp Jr.
Officer — President, CFO, COO
Period of report
Mar 21, 2018
Accepted (ET)
Mar 23, 2018 · 4:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001680379
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 21, 2018 | A | 8,250 | $0.00 | A | 15,250 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $13.73 | Mar 21, 2018 | A | 12,000 | A | — | Mar 21, 2028 | Common Stock | 12,000 | 12,000 | D |
Explanation of responses
- F1The shares were received as a grant of restricted stock that vests as to 50% on the third anniversary of the date of grant, and 50% on the fourth anniversary of the date of grant.
- F2The option vests as to 50% on the third anniversary of the date of grant, and 50% on the fourth anniversary of the date of grant.