CAPPELLI LOUIS J 4
4 · STERLING BANCORP · Filed Mar 28, 2011
Insider Transaction Report
Form 4
CAPPELLI LOUIS J
DirectorChairman and CEO
Transactions
- Award
Restricted Common Stock
2011-03-24$9.71/sh+20,854$202,492→ 765,782 total
Footnotes (1)
- [F1]Issued pursuant to the Sterling Bancorp Stock Incentive Plan consistent with the requirements of the TARP Interim Final Rule. The shares will vest 50%, 25% and 25% on the second, third and fourth anniversaries of the grant date, subject to (1) accelerated vesting upon death, disability and change in control and (2) continued vesting upon retirement after the second anniversary of the grant date subject to compliance with a non-compete. The restricted stock will be transferable in 25% increments in accordance with the Company's repayment of the TARP funds.