NEWBRIDGE BANCORP 4
4 · NEWBRIDGE BANCORP · Filed Feb 12, 2016
Insider Transaction Report
Form 4
RIDGILL PRESSLEY A
DirectorPresident
Transactions
- Award
Class A Common Stock
2016-02-11+8,353→ 60,351 total - Tax Payment
Class A Common Stock
2016-02-11$12.18/sh−2,773$33,775→ 57,578 total
Holdings
- 3,051(indirect: By 401(k))
Class A Common Stock
- 37,588(indirect: By IRA)
Class A Common Stock
- 52,087(indirect: By Trust)
Class A Common Stock
- 21,488
Restricted Stock Units
From: 2017-01-01→ Class A Common Stock (21,488 underlying) - 34,766
Restricted Stock Units
From: 2018-01-01→ Class A Common Stock (34,766 underlying) - 125,000
Restricted Stock Units
From: 2019-01-01→ Class A Common Stock (125,000 underlying)
Footnotes (6)
- [F1]On 1/1/2016, 8,353 restricted stock units vested pursuant to their terms. 5,568 restricted stock units did not vest due to two of the five performance metrics not being satisfied and were forfeited. On 2/11/2016, 5,580 shares of Class A Common Stock were issued to Mr. Ridgill. The balance (2,773 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.
- [F6]The restricted stock units vest as follows: up to 100% on 1/1/2019, subject to the satisfaction of certain performance metrics; participant shall maintain legal title to and beneficial ownership of shares received upon vesting through and until 12/31/2020.