SEC Form 4 · accession 0001209191-18-061619
PDL Community Bancorp · PDLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James C. Demetriou
Director
Period of report
Dec 4, 2018
Accepted (ET)
Dec 7, 2018 · 6:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001703489
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 4, 2018 | A | 29,725 | $0.00 | A | 59,725 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $12.77 | Dec 4, 2018 | A | 8,918 | A | Dec 4, 2019 | Dec 3, 2028 | Common Stock | 8,918 | 8,918 | D |
Explanation of responses
- F1Shares of restricted stock vest annually at a rate of 18% on December 4, 2019, an additional 22% on December 4, 2020, and an additional 20% each year thereafter ending on December 4, 2023.
- F2Stock options vest annually at a rate of 18% on December 4, 2019, an additional 22% on December 4, 2020, and an additional 20% each year thereafter ending on December 4, 2023.