SEC Form 4 · accession 0001127602-16-037474
NEWBRIDGE BANCORP · NBBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Monroe Cobb
Officer — SVP, CAO, & Controller
Period of report
Jan 20, 2016
Accepted (ET)
Jan 21, 2016 · 11:32 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 | 4,790 | $0.00 | A | 18,390 | D | |
| Class A Common StockF1 | Jan 20, 2016 | F | 1,790 | $12.18 | D | 16,600 | D | |
| Class A Common Stock | holding | — | — | — | 31,250 | I | By 401(k) | |
| Class A Common Stock | holding | — | — | — | 9,000 | I | By IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (Right to Buy) | $9.82 | holding | — | — | — | Jan 22, 2009 | Jan 22, 2018 | Class A Common Stock | 3,000 | 3,000 | D |
| Restricted Stock UnitsF2,F3,F4 | — | holding | — | — | — | Jan 1, 2016 | — | Class A Common Stock | 2,158 | 2,158 | D |
| Restricted Stock UnitsF2,F5,F4 | — | holding | — | — | — | Jan 1, 2017 | — | Class A Common Stock | 3,077 | 3,077 | D |
| Restricted Stock UnitsF2,F6,F4 | — | holding | — | — | — | Jan 1, 2018 | — | Class A Common Stock | 2,731 | 2,731 | D |
Explanation of responses
- F1On 1/1/2016, 4,790 restricted stock units vested pursuant to their terms. On 1/20/2016, 3,000 shares of Class A Common Stock were issued to Mr. Cobb. The balance (1,790 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. RemoveClose