SEC Form 4 · accession 0000743367-18-000122
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
Aug 3, 2018
Accepted (ET)
Aug 6, 2018 · 5:18 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 | Aug 3, 2018 | M | 1,241 | $28.63 | A | 8,202 | D | |
| Common StockF2 | Aug 3, 2018 | F | 428 | $28.63 | D | 7,774 | D | |
| Common StockF3 | Aug 3, 2018 | P$0 | 46 | $0.00 | A | 7,820 | 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)- AcquisitionF1,F4 | $28.63 | Aug 3, 2018 | M | 1,241 | D | Aug 3, 2018 | Aug 3, 2020 | Common Stock | 1,241 | 2,482 | D |
Explanation of responses
- F1Restricted Stock Units (RSUs) convert into the issuers common stock on a one-for-one basis.
- 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.
- F3These shares were acquired through the executive's participation in dividend reinvestment programs.
- F4On August 3,2017, the reporting person was granted 3,723 RSUs, vesting in three equal annual installments on the anniversary of the date of the grant, beginning in August 2018. At the time of vesting, sufficient shares may be withheld to cover the executive's tax liabilities. All shares delivered at each vesting are subject to an additional three year holding period.