SEC Form 4 · accession 0000705432-16-000239
SOUTHSIDE BANCSHARES INC · SBSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Clawater Earl III
Officer — SR EVP & CHIEF CREDIT OFFICER
Period of report
Sep 8, 2016
Accepted (ET)
Nov 25, 2016 · 3:57 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000705432
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 23, 2016 | A | 916 | $0.00 | A | 5,535 | D | |
| Common StockF1 | Sep 8, 2016 | J | 10 | — | A | 1,357 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option 4 year / (Right to Buy)F2 | $38.21 | Nov 23, 2016 | A | 4,152 | A | Nov 23, 2017 | Nov 23, 2026 | Common Stock | 4,152 | 4,152 | D |
Explanation of responses
- F1Amount includes allocation of shares received in connection with reinvestment of quarterly cash dividend.
- F2The option vests in four equal annual installments on each of November 23, 2017, 2018, 2019 and 2020.