SEC Form 4 · accession 0001127602-15-024218
SANDY SPRING BANCORP INC · SASR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John D Sadowski
Officer — EVP, Chief Information Officer
Period of report
Aug 4, 2015
Accepted (ET)
Aug 5, 2015 · 1:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000824410
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 4, 2015 | M | 1,257 | $15.00 | A | 5,851 | D | |
| Common Stock | Aug 4, 2015 | S | 1,257 | $27.50 | D | 4,594 | D | |
| Common StockF1 | holding | — | — | — | 561 | D | ||
| Common StockF2 | holding | — | — | — | 1,325 | D | ||
| Common StockF3 | holding | — | — | — | 2,520 | D | ||
| Common StockF4 | holding | — | — | — | 2,738 | D | ||
| Common StockF5 | holding | — | — | — | 3,380 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F6 | $15.00 | Aug 4, 2015 | M | 1,257 | D | Mar 31, 2011 | Mar 31, 2017 | Common Stock | 1,257 | 0 | D |
Explanation of responses
- F1Restricted stock awarded under 2005 Omnibus Stock Plan vests in equal installments on the anniversary of the grant over five years beginning March 30, 2012.
- F2Restricted stock award under 2005 Omnibus Stock Plan vests in equal installments on the anniversary of the grant over five years beginning March 28, 2013.
- F3Restricted stock awarded under 2005 Omnibus Stock Plan vests in equal installments annually over five years beginning April 1, 2014.
- F4Restricted stock awarded under 2005 Omnibus Stock Plan vests in equal installments annually over five years beginning April 1, 2015.
- F5Restricted stock awarded under 2005 Omnibus Stock Plan vests in equal installments annually over five years beginning April 1, 2016.
- F6Stock options fully vested and exercisable.