SEC Form 4 · accession 0000821127-18-000072
BOSTON PRIVATE FINANCIAL HOLDINGS INC · BPFH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martha Higgins
Officer — EVP, Chief HR Officer
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 4:57 pm EDT
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 Stock | May 15, 2018 | M | 6,128 | $16.60 | A | 42,113 | D | |
| Common Stock | May 15, 2018 | F | 1,744 | $16.60 | D | 40,369 | D | |
| Common Stock | May 15, 2018 | F | 1,805 | $16.60 | D | 38,564 | 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 | $12.43 | May 15, 2018 | M | 6,128 | D | — | — | Common Stock | 8,881 | 0 | D |
Explanation of responses
- F1May 15, 2015 grant date common stock closing price.
- F2Performance Shares represent a contingent right to receive one share of the Company's common stock. Performance Shares vested based on the Company's performance for the period January 1, 2015 through December 31, 2017.
- 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.