SEC Form 4 · accession 0000821127-18-000076
BOSTON PRIVATE FINANCIAL HOLDINGS INC · BPFH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J. Kaye
Officer — EVP, CEO-Corp Client Banking
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 4:59 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 | 10,535 | $16.60 | A | 144,260 | D | |
| Common Stock | May 15, 2018 | F | 2,998 | $16.60 | D | 141,262 | D | |
| Common Stock | May 15, 2018 | F | 3,431 | $16.60 | D | 137,831 | 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 | 10,535 | D | — | — | Common Stock | 15,268 | 0 | D |
| Restricted Stock UnitsF4 | — | May 15, 2018 | A | 8,675 | A | — | — | Common Stock | 8,675 | 8,675 | D |
| Performance Restricted Stock UnitsF5 | — | May 15, 2018 | A | 13,012 | A | — | — | Common Stock | 13,012 | 13,012 | 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.
- F4Each Restricted Stock Unit represents a contingent right to receive one share of the Company's common stock. Restricted Stock Units vest in full on the third anniversary of the grant date.
- F5Each Performance Restricted Stock Unit represents a contingent right to receive one share of the Company's common stock. Performance Restricted Stock Units vest based on the Company's performance for the period January 1, 2018 through December 31, 2020.