NEWBRIDGE BANCORP 4
4 · NEWBRIDGE BANCORP · Filed Feb 12, 2016
Insider Transaction Report
Form 4
Cobb Richard Monroe
SVP, CAO, & Controller
Transactions
- Award
Class A Common Stock
2016-02-11+1,295→ 17,895 total - Tax Payment
Class A Common Stock
2016-02-11$12.18/sh−495$6,029→ 17,400 total
Holdings
- 31,250(indirect: By 401(k))
Class A Common Stock
- 9,000(indirect: By IRA)
Class A Common Stock
- 3,000
Incentive Stock Option (Right to Buy)
Exercise: $9.82From: 2009-01-22Exp: 2018-01-22→ Class A Common Stock (3,000 underlying) - 3,077
Restricted Stock Units
From: 2017-01-01→ Class A Common Stock (3,077 underlying) - 2,731
Restricted Stock Units
From: 2018-01-01→ Class A Common Stock (2,731 underlying)
Footnotes (5)
- [F1]On 1/1/2016, 1,295 restricted stock units vested pursuant to their terms. 863 restricted stock units did not vest due to two of the five performance metrics not being satisfied and were forfeited. On 2/11/2016, 800 shares of Class A Common Stock were issued to Mr. Cobb. The balance (495 shares) were withheld to satisfy certain tax withholding obligations related to the vesting of the restricted stock units.
- [F2]Each restricted stock unit represents the contingent right to receive one share of Class A Common Stock upon vesting of the unit.
- [F3]The restricted stock units vest as follows: (i) up to 50% on 1/1/2017, subject to the satisfaction of certain performance metrics; and (ii) 50% on 1/1/2017 and in each case subject to the recipient's continued employment through the applicable vesting date.
- [F4]No expiration date.
- [F5]The restricted stock units vest as follows: (i) up to 50% on 1/1/2018, subject to the satisfaction of certain performance metrics; and (ii) 50% on 1/1/2018 and in each case subject to the recipient's continued employment through the applicable vesting date. RemoveClose