SEC Form 4 · accession 0001628280-17-007266
BAR HARBOR BANKSHARES · BHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph M Pratt
Officer — President, BHTS
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 | 251 | $0.00 | A | 1,365 | D | |
| Common StockF1 | Jul 24, 2017 | M | 442 | $0.00 | A | 1,807 | D | |
| Common StockF2 | Jul 24, 2017 | F | 242 | $29.10 | D | 1,565 | 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 | 251 | D | — | — | Common Stock | 251 | 0 | D |
| Restricted Stock Units (RSUs) 2014 - 2016 Plan (Plan B)F6,F4,F7 | $0.00 | Jul 24, 2017 | M | 442 | D | — | — | Common Stock | 442 | 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 on 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 November 19, 2015, the reporting person was granted 314 time-based Restricted Stock Units, vesting in two pro-rated installments beginning on July 22, 2016.
- 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 November 19, 2015, to vest in full on July 22, 2017.