SEC Form 4 · accession 0001593968-18-001068

CAMBRIDGE BANCORP · CATC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Thomas Arthur Johnson

Officer — EVP / Consumer Lending Dir

Period of report

Jul 25, 2018

Accepted (ET)

Jul 27, 2018 · 7:27 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000711772

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Jul 25, 2018	J	592	$0.00	D	15,296	D
Common Stock^F2	Jul 25, 2018	A	121	$0.00	A	1,565	I	ESOP

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Based Restricted Stock Units^F1,F3	—	Jul 25, 2018	J	1,393	D	—	Dec 31, 2019	Common Stock	1,393	499	D
Performance Based Restricted Stock Units^F1,F4	—	Jul 25, 2018	J	1,465	D	—	Dec 31, 2018	Common Stock	1,465	1,107	D
Performance Based Restricted Stock Units^F1,F5	—	Jul 25, 2018	J	3,979	D	—	Dec 31, 2020	Common Stock	3,979	429	D

Explanation of responses

F1In connection with Mr. Johnson's retirement, effective July 25, 2018, these amounts were forfeited.
F2ESOP share total reflects ESOP allocations and dispositions that have occurred since the last ownership reporting.
F3This PRSU award will vest based upon the Company's average three-year performance relative to the Commercial Bank Peer Group for return on assets ("ROA") and diluted earnings per share ("EPS") growth for the period ending December 31, 2019. Any shares earned will vest upon Compensation Committee certification of performance achievement following completion of the performance period. Amount reflects vesting at target rather than maximum possible amount as previously reported.
F4This PRSU award will vest based upon the Company's average three-year performance relative to the Commercial Bank Peer Group for ROA and diluted EPS growth for the period ending December 31, 2018. Any shares earned will vest upon Compensation Committee certification of performance achievement following completion of the performance period. Amount reflects vesting at target rather than maximum possible amount as previously reported.
F5This PRSU award will vest based upon the Company's average three-year performance relative to the Commercial Bank Peer Group for ROA and diluted EPS growth for the period ending December 31, 2020. Any shares earned will vest upon Compensation Committee certification of performance achievement following completion of the performance period. Amount reflects vesting at target rather than maximum possible amount as previously reported.