SEC Form 4 · accession 0001123292-17-000181
Lake Sunapee Bank Group · LSBG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P Stabile II
Director
Period of report
Jan 13, 2017
Accepted (ET)
Jan 18, 2017 · 4:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000846931
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 13, 2017 | D | 6,600 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Disposed of pursuant to the Agreement and Plan of Merger, dated as of May 5, 2016 (the "Merger Agreement"), between Lake Sunapee Bank Group ("Lake Sunapee") and Bar Harbor Bankshares ("Bar Harbor"). Pursuant to the Merger Agreement, in exchange for each share of Lake Sunapee common stock the reporting person received 0.4970 shares of Bar Harbor common stock rounded down to the nearest whole share, having a market value of $43.69 per share on January 13, 2017, plus cash for any fractional share based on the average closing price of Bar Harbor common stock for the ten consecutive days ending on January 13, 2017.