SEC Form 4 · accession 0001628280-17-007262
BAR HARBOR BANKSHARES · BHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Josephine Iannelli
Officer — EVP, CFO & Treasurer
Period of report
Jul 24, 2017
Accepted (ET)
Jul 25, 2017 · 5:54 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 | Jul 24, 2017 | M | 108 | $0.00 | A | 254 | D | |
| Common StockF1 | Jul 24, 2017 | M | 152 | $0.00 | A | 406 | D | |
| Common StockF2 | Jul 24, 2017 | F | 94 | $29.10 | D | 312 | 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) 2014 - 2016 Plan (Plan B)F3,F4,F5 | $0.00 | Jul 24, 2017 | M | 108 | D | — | — | Common Stock | 108 | 0 | D |
| Restricted Stock Units (RSUs) 2014 - 2016 Plan (Plan B)F6,F4,F7 | $0.00 | Jul 24, 2017 | M | 152 | D | — | — | Common Stock | 152 | 0 | D |
Explanation of responses
- F1Upon vesting, each restricted stock unit was converted into one share of BHB Common Stock based on the closing price of July 21, 2017, the last trading day before the vesting date.
- 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.
- F3Represents the number of time-vested Restricted Stock Units remaining for the 2014-2016 Long Term Incentive Plan (Plan B).
- F4Each restricted stock unit represents a contingent right to receive one share of BHB Common Stock.
- F5On October 25, 2016, the reporting person was granted 108 time-vested Restricted Stock Units, vesting in one installment on July 22, 2017.
- F6Represents the number of performance-vested Restricted Stock Units remaining for the 2014-2016 Long Term Incentive Plan (Plan B).
- F7On October 25, 2016, the reporting person was granted 152 performance-vested Restricted Stock Units, vesting in one installment on July 22, 2017.