4//SEC Filing
Clement Michael Joseph 4
Accession 0000802681-22-000002
CIK 0000802681other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 3:32 PM ET
Size
25.2 KB
Accession
0000802681-22-000002
Insider Transaction Report
Form 4
Clement Michael Joseph
Director
Transactions
- Exercise/Conversion
Common Stock
2022-01-01+218→ 31,518 total - Exercise/Conversion
Common Stock
2022-01-01+216→ 32,734 total - Exercise/Conversion
Common Stock
2022-01-01+1,000→ 32,518 total - Exercise/Conversion
Common Stock
2021-12-31+2,326→ 35,938 total - Exercise/Conversion
Common Stock
2022-01-01+878→ 33,612 total - Exercise/Conversion
Common Stock
2021-12-31+4,994→ 40,932 total - Disposition to Issuer
Common Stock
2022-01-01−40,932→ 0 total - Exercise/Conversion
Restricted Stock Units
2022-01-01−218→ 0 total→ Common Stock (218 underlying) - Exercise/Conversion
Restricted Stock Units
2022-01-01−1,000→ 0 total→ Common Stock (1,000 underlying) - Exercise/Conversion
Restricted Stock Units
2022-01-01−216→ 0 total→ Common Stock (216 underlying) - Exercise/Conversion
Phantom Stock
2021-12-31−4,994→ 0 total→ Common Stock (4,994 underlying) - Exercise/Conversion
Phantom Stock
2021-12-31−2,326→ 0 total→ Common Stock (2,326 underlying)
Footnotes (7)
- [F1]Reflects the full vesting of all outstanding time-based restricted stock units held by the Reporting Person, as contemplated by the respective grant agreements, and that certain Agreement and Plan of Merger entered into as of March 9, 2021 (the "Merger Agreement"), between Bryn Mawr Bank Corporation (the "Issuer") and WSFS Financial Corporation ("WSFS"), pursuant to which the Issuer will merge with and into WSFS (the "Merger"). On December 31, 2021, the closing price of the Issuer was $45.01, and the closing price of WSFS was $50.12.
- [F2]Reflects the full vesting of all outstanding performance-based restricted stock units held by the Reporting Person, as contemplated by the respective grant agreement, and the Merger Agreement. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. On December 31, 2021, the closing price of the Issuer was $45.01, and the closing price of WSFS was $50.12.
- [F3]Each share of phantom stock was the economic equivalent of one share of the Issuer's common stock. The shares of phantom stock became payable, in cash, upon the Reporting Person's termination of service as a director in connection with the Merger.
- [F4]Pursuant to the terms of the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of Issuer's common stock issued and outstanding immediately prior to the Effective Time, subject to certain exceptions, converted into the right to receive, without interest, 0.90 of a share of WSFS common stock.
- [F5]Each restricted stock unit represents a contingent right to receive one share of BMTC common stock.
- [F6]Phantom stock was held in Bryn Mawr Trust Company Deferred Payment Plan for Directors ("BMTC Plan"). On December 31, 2021, the Reporting Person's holdings in the BMTC Plan became payable and will be distributed in cash in accordance with the BMTC Plan.
- [F7]Phantom stock was held in Bryn Mawr Bank Corporation Deferred Payment Plan for Directors ("BMBC Plan"). On December 31, 2021, the Reporting Person's holdings in the BMBC Plan became payable and will be distributed in cash in accordance with the BMBC Plan.
Documents
Issuer
BRYN MAWR BANK CORP
CIK 0000802681
Entity typeother
Related Parties
1- filerCIK 0001627390
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 3:32 PM ET
- Size
- 25.2 KB