SEC Form 4 · accession 0000750686-16-000234
CAMDEN NATIONAL CORP · CAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Deborah A Jordan
Officer — EVP, COO & CFO
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 3:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000750686
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 23, 2016 | P | 1,231 | $25.41 | A | 23,133 | D | |
| Common StockF2 | Feb 23, 2016 | A | 1,528 | $0.00 | A | 24,661 | D | |
| Common StockF3 | Feb 23, 2016 | F | 576 | $38.11 | D | 24,085 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy) | $28.90 | holding | — | — | — | Jul 29, 2013 | Jul 29, 2018 | Common Stock | 4,500 | 4,500 | D |
Explanation of responses
- F1Shares purchased under the Management Stock Purchase Plan ("MSPP") at a one-third discount of the Company's February 23, 2016 share closing price. These shares will fully vest 2 years from the issuance date.
- F2Shares issued under the 2013-2015 Long-Term Performance Share Plan ("LTIP").
- F3Consists of shares withheld by Camden National Corporation in order to satisfy the minimum tax withholding obligation on the LTIP shares vested on 02/23/16.