SEC Form 4 · accession 0000743367-16-000126
BAR HARBOR BANKSHARES · BHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerald Shencavitz
Officer — EVP and CFO
Period of report
Apr 25, 2016
Accepted (ET)
Apr 26, 2016 · 10:07 am 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 25, 2016 | J | 157 | $0.00 | A | 9,411 | D | |
| Common StockF2 | Apr 25, 2016 | M | 394 | $0.00 | A | 9,805 | D | |
| Common StockF2 | Apr 25, 2016 | M | 1,792 | $0.00 | A | 11,597 | D | |
| Common StockF3 | Apr 25, 2016 | F | 1,200 | $0.00 | D | 10,397 | 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 Units (RSUs)F5,F4 | $0.00 | Apr 25, 2016 | M | 394 | D | Apr 22, 2016 | Apr 22, 2016 | Common Stock | 394 | 788 | D |
| Restricted Stock Units (RSUs)F4 | $0.00 | Apr 25, 2016 | M | 1,792 | D | Apr 22, 2016 | Apr 22, 2016 | Common Stock | 1,792 | 0 | D |
Explanation of responses
- F1These shares were acquired through regularly scheduled salary deferral and dividend reinvestment in the Bar Harbor Bankshares 401(k) Plan f/b/o Gerald Shencavitz.
- F2Upon vesting, each restricted stock unit was converted into one share of BHB Common Stock.
- F3These shares were withheld to satisfy the executive's tax liability associated with the vesting of restricted stock units. This was not an open market sale of securities.
- F4Each restricted stock unit represents a contingent right to receive one share of BHB Common Stock.
- F5The amount entered in Column 9 represents the number of restricted stock units remaining in the 2015 - 2017 Long Term Incentive Plan (Plan C) for this executive.