Wischnowsky Robert H 4

4 · BANCORP RHODE ISLAND INC · Filed Apr 22, 2010

Form 4

Period: 2010-04-20

Vice President

Transactions

Award
Common Stock
2010-04-20+1,200→ 2,283 total
Award
Common Stock
2010-04-20+9,400→ 11,683 total
Award
Performance Shares
2010-04-20+600→ 600 total
Exercise: $0.00Exp: 2013-04-20→ Common Stock (600 underlying)
Award
Stock Option (Right to purchase)
2010-04-20+3,000→ 3,000 total
Exercise: $25.86From: 2011-04-20Exp: 2017-04-20→ Common Stock (3,000 underlying)

Footnotes (4)

[F1]Restricted stock award made to the reporting person under the registrant's 2002 Equity Incentive Plan which vests in three equal annual installments commencing on the one year anniversary of the date of grant.
[F2]Restricted stock award to the reporting person made under the registrant's 2002 Equity Incentive Plan. The restricted shares will vest in full on the fifth anniversary of the date of grant subject to accelerated vesting if the price for the registrant's common stock reaches $36.00 per share and remains at this level for 20 consecutive trading days.
[F3]Each performance share represents a contingent right to receive one share of the registrant's common stock. The performance shares will vest on the third anniversary of the date of grant upon the registrant achieving earnings per share for the three year period from the date of grant through the third anniverary thereof at or above the 50th percentile level in a custom commercial bank index for banks in the Northeast with assets of $500 million to $5 billion.
[F4]This option is exercisable in three equal annual installments commencing April 20, 2011.

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