SEC Form 4 · accession 0001209191-17-002962
CNB FINANCIAL CORP/PA · CCNE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard B. Seager
Director
Period of report
Jan 5, 2017
Accepted (ET)
Jan 9, 2017 · 5:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000736772
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stock | holding | — | — | — | 8,942 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| phantom stockF3,F1,F2 | — | Jan 5, 2017 | I | 1,595 | D | — | — | common stock | 1,595 | 2,545 | D |
Explanation of responses
- F1Each share of phantom stock is the economic equivalent of one share of common stock. The phantom shares become payable upon termination of service.
- F2On 1/5/17, the reporting person transferred the value of 1,594.895 shares of phantom stock into an alternative investment account, in connection with the rebalancing of his account.
- F3The reporting person had a previously unreported balance of 4,140.012 phantom shares acquired since January 1, 2015 under the Company's deferred compensation plan.