SEC Form 4 · accession 0001127602-16-037471
NEWBRIDGE BANCORP · NBBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Spence H Broadhurst
Officer — SEVP and Chief Banking Officer
Period of report
Jan 20, 2016
Accepted (ET)
Jan 21, 2016 · 11:30 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000714530
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Jan 20, 2016 | A | 8,090 | $0.00 | A | 21,194 | D | |
| Class A Common StockF1 | Jan 20, 2016 | F | 3,115 | $12.18 | D | 18,079 | D | |
| Class A Common Stock | holding | — | — | — | 3,449 | I | Deferred Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3,F4 | — | holding | — | — | — | Jan 1, 2016 | — | Class A Common Stock | 4,234 | 4,234 | D |
| Restricted Stock UnitsF2,F5,F4 | — | holding | — | — | — | Jan 1, 2017 | — | Class A Common Stock | 6,398 | 6,398 | D |
| Restricted Stock UnitsF2,F6,F4 | — | holding | — | — | — | Jan 1, 2018 | — | Class A Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1On 1/1/2016, 8,090 restricted stock units vested pursuant to their terms. On 1/20/2016, 4,975 shares of Class A Common Stock were issued to Mr. Broadhurst. The balance (3,115 shares) were withheld to satisfy certain tax withholding obligations related to the vesting of the restricted stock units.
- F2Each restricted stock unit represents the contingent right to receive one share of Class A Common Stock upon vesting of the unit.
- F3The restricted stock units vest as follows: (i) up to 50% on 1/1/2016, subject to the satisfaction of certain performance metrics; and (ii) 50% on 1/1/2016 and in each case subject to the recipient's continued employment through the applicable vesting date.
- F4No expiration date.
- F5The restricted stock units vest as follows: (i) up to 50% on 1/1/2017, subject to the satisfaction of certain performance metrics; and (ii) 50% on 1/1/2017 and in each case subject to the recipient's continued employment through the applicable vesting date.
- F6The restricted stock units vest as follows: (i) up to 50% on 1/1/2018, subject to the satisfaction of certain performance metrics; and (ii) 50% on 1/1/2018 and in each case subject to the recipient's continued employment through the applicable vesting date.