SEC Form 4 · accession 0001437749-17-016107
NORTHEAST BANCORP /ME/ · NBN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Wayne
Officer — President & CEO · Director
Period of report
Sep 19, 2017
Accepted (ET)
Sep 20, 2017 · 11:03 am EDT
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 | Sep 19, 2017 | A | 10,000 | $0.00 | A | 72,916 | D | |
| Voting Common StockF2 | holding | — | — | — | 180,273 | I | By Trust | |
| Voting Common StockF3 | holding | — | — | — | 97,202 | I | By Trust |
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)F4 | $13.93 | Sep 19, 2017 | A | 118,808 | A | Sep 19, 2017 | Dec 29, 2020 | Voting Common Stock | 118,808 | 287,205 | D |
Explanation of responses
- F1Represents a performance restricted stock award granted to the reporting person under the Northeast Bancorp Amended and Restated 2010 Stock Option and Incentive Plan. The restricted shares vested upon approval by the Compensation Committee on September 19, 2017.
- F2These shares are owned directly by the Richard Wayne Revocable Trust.
- F3These shares are owned directly by the Richard Wayne Irrevocable Trust.
- F4Represents amended and restated non-qualified performance-based stock option award granted to the reporting person under the Northeast Bancorp Amended and Restated 2010 Stock Option and Incentive Plan. The stock options vested upon approval by the Compensation Committee on September 19, 2017.