SEC Form 4 · accession 0001568214-16-000056
ConnectOne Bancorp, Inc. · CNOB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank Sorrentino III
Officer — Chairman, President & CEO · Director
Period of report
May 16, 2016
Accepted (ET)
May 18, 2016 · 4:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000712771
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 16, 2016 | M | 9,750 | $6.15 | A | 559,886 | D | |
| Common StockF1 | May 16, 2016 | S | 6,095 | $16.009 | D | 553,791 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option | $6.15 | May 16, 2016 | M | 9,750 | D | Jul 1, 2014 | Jan 11, 2018 | Common Stock | 9,750 | 0 | D |
Explanation of responses
- F1The proceeds of the sale reported on this Form 4 was used to fund the exercise price of the stock option exercise also reported herein, as well as satisfy Mr. Sorrentino's income tax obligations, also with respect to the stock option exercise.