SEC Form 4/A · accession 0000821127-18-000087
BOSTON PRIVATE FINANCIAL HOLDINGS INC · BPFH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Steven M Gaven
Officer — EVP, Chief Financial Officer
Period of report
May 15, 2018
Accepted (ET)
May 21, 2018 · 4:58 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 StockF1 | May 15, 2018 | M | 840 | $16.60 | A | 7,134 | D | |
| Common StockF2 | May 17, 2018 | S | 603 | $16.734 | D | 6,531 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF3,F4,F5 | — | May 15, 2018 | M | 840 | D | — | — | Common Stock | 1,217 | 0 | D |
| Restricted Stock UnitsF6 | — | May 15, 2018 | A | 4,880 | A | — | — | Common Stock | 4,880 | 4,880 | D |
| Performance Restricted Stock UnitsF7 | — | May 15, 2018 | A | 7,319 | A | — | — | Common Stock | 7,319 | 7,319 | D |
Explanation of responses
- F1Reporting of equity vesting inadvertently omitted on Form 4 submitted on 5-17-18.
- F2Shares sold to cover taxes relating to vesting of 5-15-15 equity grant.
- F3May 15, 2015 grant date common stock closing price.
- F4Performance 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.
- F5Number 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.
- F6Each 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.
- F7Each 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.