SEC Form 4 · accession 0001593968-18-001290
CAMBRIDGE BANCORP · CATC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lynne M. Burrow
Officer — Executive VP / CIO
Period of report
Sep 30, 2018
Accepted (ET)
Oct 2, 2018 · 4:26 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 StockF1 | Sep 30, 2018 | J | 430 | $0.00 | D | 30,700 | D | |
| Common StockF2 | Sep 30, 2018 | A | 230 | $0.00 | A | 4,415 | 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 UnitsF1,F3 | — | Sep 30, 2018 | J | 1,605 | D | — | Dec 31, 2018 | Common Stock | 1,605 | 1,359 | D |
| Performance Based Restricted Stock UnitsF1,F4 | — | Sep 30, 2018 | J | 1,544 | D | — | Dec 31, 2019 | Common Stock | 1,544 | 636 | D |
| Performance Based Restricted StockF1,F5 | — | Sep 30, 2018 | J | 1,714 | D | — | Dec 31, 2020 | Common Stock | 1,714 | 245 | D |
Explanation of responses
- F1In connection with Ms. Burrow's retirement, effective September 30, 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, 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.
- 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, 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.
- 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.