SEC Form 4 · accession 0001104659-17-067967
NORTHEAST BANCORP /ME/ · NBN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Julie Jenkins
Officer — SVP/Director of Operations
Period of report
Nov 9, 2017
Accepted (ET)
Nov 13, 2017 · 4:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000811831
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Voting Common StockF1 | Nov 9, 2017 | M | 7,500 | $12.63 | A | 28,876 | D | |
| Voting Common StockF1 | Nov 9, 2017 | F | 5,157 | $23.50 | D | 23,719 | D | |
| Voting Common StockF1 | Nov 9, 2017 | M | 5,510 | $9.38 | A | 29,229 | D | |
| Voting Common StockF1 | Nov 9, 2017 | F | 3,274 | $23.50 | D | 25,955 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $12.63 | Nov 9, 2017 | M | 7,500 | D | — | Jan 27, 2022 | Voting Common Stock | 7,500 | 0 | D |
| Stock Option (Right to Buy)F3 | $9.38 | Nov 9, 2017 | M | 5,510 | D | — | Jan 31, 2023 | Voting Common Stock | 5,510 | 2,755 | D |
Explanation of responses
- F1Includes restricted stock awards granted to the reporting person under the Northeast Bancorp Amended and Restated 2010 Stock Option and Incentive Plan which vest as follows: 1,319 restricted shares vesting in three equal installments, commencing January 31, 2016, 5,000 restricted shares vesting in three equal installments, commencing August 21, 2017, 5,000 restricted shares vesting in three equal installments, commencing September 21, 2018, and 10,000 restricted shares vesting in three equal installments, commencing August 25, 2019.
- F2Non-qualified time-based stock option awards granted to the reporting person under the Northeast Bancorp Amended and Restated 2010 Stock Option and Incentive Plan which vest in three equal installments commencing January 27, 2015
- F3Non-qualified time-based stock option awards granted to the reporting person under the Northeast Bancorp Amended and Restated 2010 Stock Option and Incentive Plan, which vest in three equal installments commencing January 31, 2016.