Wischnowsky Robert H 4
4 · BANCORP RHODE ISLAND INC · Filed Apr 12, 2011
Insider Transaction Report
Form 4
Wischnowsky Robert H
Vice President
Transactions
- Award
Performance Shares
2011-04-08+539→ 539 totalExercise: $0.00Exp: 2014-03-31→ Common Stock (539 underlying) - Award
Common Stock
2011-04-08+1,001→ 12,684 total - Award
Stock Option (Right to purchase)
2011-04-08+2,096→ 2,096 totalExercise: $30.54From: 2012-04-08Exp: 2018-04-08→ Common Stock (2,096 underlying)
Footnotes (3)
- [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]Each performance share represents a contingent right to receive one share of the registrant's common stock. The performance shares will vest on March 31, 2014 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.
- [F3]This option is exercisable in three equal annual installments commencing April 8, 2012.