SEC Form 4 · accession 0000743367-16-000131
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
Apr 25, 2016
Accepted (ET)
Apr 26, 2016 · 12:19 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 25, 2016 | P$0 | 2 | $0.00 | A | 218 | D | |
| Common StockF2 | Apr 25, 2016 | M | 406 | $0.00 | A | 6,328 | D | |
| Common StockF2 | Apr 25, 2016 | M | 610 | $0.00 | A | 1,234 | D | |
| Common StockF2 | Apr 25, 2016 | M | 244 | $0.00 | A | 1,478 | D | |
| Common StockF3 | Apr 25, 2016 | F | 527 | $0.00 | D | 951 | 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 Unit (RSUs)F5,F4 | $0.00 | Apr 25, 2016 | M | 406 | D | Apr 22, 2016 | Apr 22, 2016 | Common Stock | 406 | 664 | D |
| Restricted Stock Unit (RSUs)F4 | $0.00 | Apr 25, 2016 | M | 610 | D | Apr 22, 2016 | Apr 22, 2016 | Common Stock | 610 | 0 | D |
| Restricted Stock Unit (RSUs)F4 | $0.00 | Apr 25, 2016 | M | 244 | D | Apr 22, 2016 | Apr 22, 2016 | Common Stock | 244 | 0 | D |
Explanation of responses
- F1These shares were acquired through the executive's participation in a dividend reinvestment plan.
- 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.