SEC Form 4 · accession 0001127602-15-012540
S&T BANCORP INC · STBA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ernest J. Draganza
Officer — Sr Executive Vice President
Period of report
Mar 16, 2015
Accepted (ET)
Mar 25, 2015 · 3:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000719220
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 16, 2015 | A | 3,503 | $29.1151 | A | 13,569 | D | |
| Common Stock | holding | — | — | — | 12,244 | I | 401-K |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $37.855 | holding | — | — | — | Jan 1, 2007 | Dec 19, 2015 | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F1On March 16, 2015, the Compensaton and Benefits Committee of the Registrant's board of directors approved the grant of restricted stock under the S&T Bancorp, Inc. 2014 Incentive Plan for an incentive under the 2015 S&T Bancorp, Inc. Long Term Incentive Plan. The actual number of shares granted and communicated to the Reporting Person was determined based on the target incentive payout as a percentage of the Reporting Person's base salary on the grant date divided by the average of the high and low prices of S&T Bancorp, Inc. common stock over the 10-day trading period ending on the grant date. One-half of the shares will be earned based on remaining with S&T for three years. The other half will be earned based on S&T's Return on Average Equity and Cumulative Total Shareholder Return performance over a three year period.