SEC Form 4 · accession 0001628280-17-007264
BAR HARBOR BANKSHARES · BHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory W Dalton
Officer — Executive Vice President
Period of report
Jul 24, 2017
Accepted (ET)
Jul 25, 2017 · 5:55 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 | 428 | $0.00 | A | 13,760 | D | |
| Common StockF1 | Jul 24, 2017 | M | 1,806 | $0.00 | A | 15,566 | D | |
| Common StockF2 | Jul 24, 2017 | F | 796 | $29.10 | D | 14,770 | 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 | 428 | D | — | — | Common Stock | 428 | 0 | D |
| Restricted Stock Units (RSUs) 2014 - 2016 Plan (Plan B)F6,F4,F7 | $0.00 | Jul 24, 2017 | M | 1,806 | D | — | — | Common Stock | 1,806 | 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 July 22, 2014, the reporting person was granted 1,281 time-based Restricted Stock Units, vesting in three equal installments beginning on the first anniversary of the grant date.
- F6Represents the number of performance-vested Restricted Stock Units remaining for the 2014-2016 Long Term Incentive Plan (Plan B).
- F7These Restricted Stock Units were granted on July 22, 2014, to vest on the third anniversary of the grant date.