SEC Form 4 · accession 0000743367-16-000128
BAR HARBOR BANKSHARES · BHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory W Dalton
Officer — Executive Vice President
Period of report
Apr 25, 2016
Accepted (ET)
Apr 26, 2016 · 10:59 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 | P$0 | 178 | $0.00 | A | 6,733 | D | |
| Common StockF2 | Apr 25, 2016 | M | 265 | $0.00 | A | 6,998 | D | |
| Common StockF2 | Apr 25, 2016 | M | 1,340 | $0.00 | A | 8,338 | D | |
| Common StockF3 | Apr 25, 2016 | F | 856 | $0.00 | D | 7,482 | 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 | 265 | D | Apr 22, 2016 | Apr 22, 2016 | Common Stock | 265 | 528 | D |
| Restricted Stock Units (RSUs)F4 | $0.00 | Apr 25, 2016 | M | 1,340 | D | Apr 22, 2016 | Apr 22, 2016 | Common Stock | 1,340 | 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 Gregory W. Dalton.
- 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.