SEC Form 4 · accession 0000754673-16-000123
SUFFOLK BANCORP · SCNB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard C Bluver
Officer — President & CEO · Director
Period of report
May 25, 2016
Accepted (ET)
May 26, 2016 · 2:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000754673
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Suffolk Bancorp Common StockF2 | May 25, 2016 | A | 5,500 | $0.00 | A | 66,291 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Suffolk Bancorp Option | $18.14 | holding | — | — | — | Aug 6, 2014 | Aug 6, 2023 | Suffolk Bancorp Common Stock | 6,667 | 6,667 | D |
| Suffolk Bancorp Option | $18.14 | holding | — | — | — | Aug 6, 2015 | Aug 6, 2023 | Suffolk Bancorp Common Stock | 6,667 | 6,667 | D |
| Suffolk Bancorp Option | $18.14 | holding | — | — | — | Aug 6, 2016 | Aug 6, 2023 | Suffolk Bancorp Common Stock | 6,666 | 6,666 | D |
| Suffolk Bancorp Option | $10.79 | holding | — | — | — | Dec 30, 2014 | Dec 30, 2021 | Suffolk Bancorp Common Stock | 6,667 | 6,667 | D |
| Suffolk Bancorp Option | $10.79 | holding | — | — | — | Dec 30, 2015 | Dec 30, 2021 | Suffolk Bancorp Common Stock | 6,667 | 6,667 | D |
| Suffolk Bancorp Option | $10.79 | holding | — | — | — | Dec 30, 2016 | Dec 30, 2021 | Suffolk Bancorp Common Stock | 6,666 | 6,666 | D |
| Suffolk Bancorp OptionF1 | $10.79 | holding | — | — | — | Dec 30, 2014 | Dec 30, 2021 | Suffolk Bancorp Common Stock | 10,000 | 10,000 | D |
| Suffolk Bancorp OptionF1 | $10.79 | holding | — | — | — | Dec 30, 2015 | Dec 30, 2021 | Suffolk Bancorp Common Stock | 10,000 | 10,000 | D |
| Suffolk Bancorp OptionF1 | $10.79 | holding | — | — | — | Dec 30, 2016 | Dec 30, 2021 | Suffolk Bancorp Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Inducement Award
- F2Award of restricted stock pursuant to the Amended and Restated Suffolk Bancorp 2009 Stock Incentive Plan. These shares shall vest equally over three years commencing one year from the date of grant and one third each year thereafter.