SEC Form 4 · accession 0000743367-18-000073
BAR HARBOR BANKSHARES · BHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard B Maltz
Officer — EVP, COO & Chief Risk Officer
Period of report
Apr 23, 2018
Accepted (ET)
Apr 25, 2018 · 6:12 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 23, 2018 | M | 656 | $0.00 | A | 4,870 | D | |
| Common StockF1 | Apr 23, 2018 | M | 654 | $0.00 | A | 5,524 | D | |
| Common StockF1 | Apr 23, 2018 | M | 552 | $0.00 | A | 6,076 | D | |
| Common StockF1 | Apr 23, 2018 | M | 2,334 | $0.00 | A | 8,410 | D | |
| Common StockF2 | Apr 23, 2018 | F | 1,449 | $0.00 | D | 6,961 | 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) 2015 - 2017F3 | $0.00 | Apr 23, 2018 | M | 656 | D | Apr 23, 2016 | Apr 23, 2018 | Common Stock | 656 | 0 | D |
| Restricted Stock Units (RSUs) 2016 - 2018F4,F3 | $0.00 | Apr 23, 2018 | M | 654 | D | Apr 23, 2018 | Apr 23, 2019 | Common Stock | 654 | 655 | D |
| Restricted Stock Units (RSUs) 2017 - 2019F5,F3 | $0.00 | Apr 23, 2018 | M | 552 | D | Apr 23, 2018 | Apr 23, 2020 | Common Stock | 552 | 1,101 | D |
| Performance Stock Units (PSUs)F3 | $0.00 | Apr 23, 2018 | M | 2,334 | D | Apr 23, 2018 | Apr 23, 2018 | Common Stock | 2,334 | 0 | D |
Explanation of responses
- F1Upon vesting, each restricted stock unit was converted into one share of BHB Common Stock.
- F2These 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.
- F3Each restricted stock unit represents a contingent right to receive one share of BHB Common Stock.
- F4Represents the number of restricted stock units remaining in the 2016-2018 Long Term Incentive Plan for this executive.
- F5Represents the number of restricted stock units remaining in the 2017-2019 Long Term Incentive Plan for this executive.