SEC Form 4 · accession 0001209191-17-028136
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 24, 2017
Accepted (ET)
Apr 25, 2017 · 4:49 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,F2 | Apr 24, 2017 | M | 514 | $0.00 | A | 2,452 | D | |
| Common StockF1,F2 | Apr 24, 2017 | M | 567 | $0.00 | A | 3,019 | D | |
| Common StockF1,F3 | Apr 24, 2017 | F | 394 | $0.00 | D | 2,625 | 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)F1,F5,F4 | $0.00 | Apr 24, 2017 | M | 514 | D | Apr 23, 2017 | Apr 23, 2017 | Common Stock | 514 | 656 | D |
| Restricted Stock Units (RSUs)F1,F6,F4 | $0.00 | Apr 24, 2017 | M | 567 | D | Apr 23, 2017 | Apr 23, 2017 | Common Stock | 567 | 1,309 | D |
Explanation of responses
- F1On March 21, 2017, Bar Harbor Bankshares effected a three-for-two split of its common stock (the "Stock Split"). The amount of securities reported on this Form 4 have been adjusted to reflect the Stock Split.
- 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.
- F5Represents the number of time-vested Restricted Stock Units remaining for the 2015-2017 Long Term Incentive Plan (Plan C).
- F6Represents the number of time-vested Restricted Stock Units remaining for the 2016-2018 Long Term Incentive Plan (Plan D).