SEC Form 4 · accession 0000743367-15-000038
BAR HARBOR BANKSHARES · BHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard B Maltz
Officer — Executive Vice President
Period of report
Sep 23, 2014
Accepted (ET)
Apr 28, 2015 · 12:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000743367
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 22, 2015 | M | 106 | $0.00 | A | 106 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Sep 23, 2014 | A | 350 | A | — | Sep 22, 2024 | Common Stock | 350 | 2,342 | D |
| Performance Stock Units ("PSUs")F2 | — | Sep 23, 2014 | A | 424 | A | Apr 23, 2016 | Sep 22, 2024 | Common Stock | 424 | 2,766 | D |
| Restricted Stock Units ("RSUs")F3 | — | Sep 23, 2014 | A | 741 | A | — | Sep 22, 2024 | Common Stock | 741 | 3,507 | D |
| Performance Stock Units ("PSUs")F4 | — | Sep 23, 2014 | A | 741 | A | Jul 22, 2017 | Sep 22, 2024 | Common Stock | 741 | 4,248 | D |
| Restricted Stock Units ("RSU's)F5 | — | Feb 17, 2015 | A | 1,070 | A | — | Feb 16, 2025 | Common Stock | 1,070 | 4,322 | D |
| Restricted Stock Units ("RSUs")F1,F6 | — | Apr 22, 2015 | M | 106 | D | — | Sep 22, 2024 | Common Stock | 106 | 4,216 | D |
Explanation of responses
- F1Represents a grant of Restricted Stock Units ("RSUs")(Plan A)that will be settled in shares of the issuer's common stock on a one-to-one basis. These RSUs will vest in two annual installments beginning April 22, 2015. At the time of vesting RSUs may be withheld to cover the executives tax liabilities. Shares delivered at each vesting are subject to an additional one year holding period.
- F2Represents a grant of Performance Stock Units ("PSUs") (Plan A) that will be settled in shares of the issuer's common stock on a one-to-one basis. These PSUs will vest in full on April 23, 2016. At the time of vesting PSUs may be withheld to cover the executives tax liabilities. Shares delivered at vesting are subject to an additional one year holding period.
- F3Represents a grant of Restricted Stock Units ("RSUs") (Plan B) that will be settled in shares of the issuer's common stock on a one-to-one basis. These RSUs will vest in three annual installments beginning July 23, 2015. At the time of vesting RSUs may be withheld to cover the executives tax liabilities. All shares delived on each vesting date are subject to an additional one year holding period.
- F4Represents a grant of Performance Stock Units ("PSUs") (Plan B) that will be settled in shares of the issuer's common stock on a one-to-one basis. These PSUs will vest on July 22, 2017. At the time of vesting sufficient PSUs may be withheld to cover the executive's tax liabilities. All shares delivered at time of vesting are subject to an additional one year holding period.
- F5Represents a correction to the number of Restricted Stock Units ("RSUs")granted on 02/17/2015 from 996 shares as reported on 02/19/2015 to 1,070 (74 share increase). These shares will be settled in shares of the issuer's common stock on a one-for-one basis. These RSUs vest in three annual installments beginning April 23, 2016. At the time of vesting sufficient RSUs may be withheld to cover the exevutives tax liabilities. All shared delivered at each vesting are subject to an additional one year holding period.
- F6Represents the conversion upon vesting of restricted stock units into common stock. On September 23, 2014 the reporting person was granted 350 RSUs of which 106 vested on April 22, 2015.