SEC Form 4 · accession 0000842518-15-000025
EVANS BANCORP INC · EVBN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary A Kajtoch
Officer — Treasurer/CFO
Period of report
Mar 17, 2015
Accepted (ET)
Mar 19, 2015 · 5:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000842518
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock ($0.50 par value)F1,F2 | Mar 17, 2015 | A | 1,280 | $24.72 | A | 26,540 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Incentive Stock Option (Right to Buy)F3 | $24.72 | Mar 17, 2015 | A | 3,020 | A | — | Mar 17, 2025 | Common stock | 3,020 | 25,112 | D |
Explanation of responses
- F1The restricted stock shall be vested according to the following schedule: 25% of the share of Common Stock subject to the restricted stock award will vest on each of the first four anniversaries of the date of the award.
- F2This represents shares acquired under the Evans Bancorp, Inc. Employee Stock Purchase Plan as follows: 807 shares on June 30, 2014 and 348 shares on December 31, 2014. This also represents shares acquired under the Evans Bancorp, Inc. Dividend Reinvestment Plan as follows: 206.44 shares on October 7, 2014.
- F3The stock options shall be exercisable according to the following schedule: 25% of the shares of Common Stock subject to the Stock Option will vest on each of the first four anniversaries of the date of grant.