TAYLOR DAVID M 4
4 · EVANS BANCORP INC · Filed Jun 28, 2010
Insider Transaction Report
Form 4
TAYLOR DAVID M
Director
Transactions
- Disposition to Issuer
Common Stock ($0.50 par value)
2010-06-15−286→ 6,263 total
Footnotes (1)
- [F1]The terms of the Restricted Stock Award Agreement governing the grant to Mr. Taylor of 490 shares of restricted stock on January 26, 2010, provided that the award generally vests 100% on the one-year anniversary of the award, but that upon a resignation from the board a pro-rata portion of the award would be based upon the number of months served during that one-year period. Accordingly, upon Mr. Taylor's resignation from the board on June 15, 2010, 204 shares of restricted stock became vested and the remaining 286 shares were forfeited back to the company.