SEC Form 4 · accession 0000821127-18-000004
BOSTON PRIVATE FINANCIAL HOLDINGS INC · BPFH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clayton Deutsch
Officer — CEO and President · Director
Period of report
Jan 16, 2018
Accepted (ET)
Jan 18, 2018 · 6:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000821127
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 16, 2018 | M | 63,014 | $0.00 | A | 779,826 | D | |
| Common Stock | Jan 16, 2018 | F | 28,458 | $15.60 | D | 751,368 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF1,F2,F3 | $13.14 | Jan 16, 2018 | M | 63,014 | D | — | — | Common Stock | 91,324 | 0 | D |
Explanation of responses
- F1Each Performance Share represented a contingent right to receive a share of BPFH Common Stock upon achieving certain performance targets. Performance Shares vested based on the Company's performance for the period January 1, 2015 through December 31, 2017. The shares were received for no consideration upon achieving performance targets.
- F2December 17, 2014 grant date common stock closing price.
- F3Number represents targeted performance shares initially granted for the 2015-2017 performance period. 69% of these shares vested based upon the Company's performance during the performance period. The remaining performance shares were forfeited.