SEC Form 4 · accession 0000905729-16-000654
CHEMICAL FINANCIAL CORP · CHFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lori A Gwizdala
Officer — Executive VP, CFO & Treasurer
Period of report
Aug 17, 2016
Accepted (ET)
Aug 18, 2016 · 4:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000019612
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 17, 2016 | M | 14,595 | $24.78 | A | 59,111 | D | |
| Common Stock | Aug 17, 2016 | F | 10,180 | $44.42 | D | 48,931 | D | |
| Common StockF1 | Aug 17, 2016 | S | 800 | $44.55 | D | 48,131 | D | |
| Common StockF2 | holding | — | — | — | 650 | I | By husband in trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF3 | $24.78 | Aug 17, 2016 | M | 14,595 | D | — | Jul 20, 2017 | Common Stock | 14,595 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.54 to $44.58, inclusive. The reporting person undertakes to provide to Chemical Financial Corporation, any security holder of Chemical Financial Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2The reporting person disclaims any beneficial ownership of all shares owned by her husband. The filing of this statement shall not be construed as an admission that the reporting person is, for purposes of Section 16 of the Exchange Act of 1934 or for any other purpose, the beneficial owner of the securities owned by her husband.
- F3Vested in three equal annual installments beginning on July 20, 2008.