4//SEC Filing
NEWBRIDGE BANCORP 4
Accession 0001127602-16-040817
CIK 0000714530operating
Filed
Feb 11, 7:00 PM ET
Accepted
Feb 12, 12:13 PM ET
Size
11.6 KB
Accession
0001127602-16-040817
Insider Transaction Report
Form 4
Budd William Wesley JR
EVP and Chief Credit Officer
Transactions
- Award
Class A Common Stock
2016-02-11+2,772→ 30,189 total - Tax Payment
Class A Common Stock
2016-02-11$12.18/sh−895$10,901→ 29,294 total
Holdings
- 1,463(indirect: By Trust)
Class A Common Stock
- 5,350
Incentive Stock Option (Right to Buy)
Exercise: $13.64From: 2008-01-25Exp: 2017-01-25→ Class A Common Stock (5,350 underlying) - 7,093
Restricted Stock Units
From: 2017-01-01→ Class A Common Stock (7,093 underlying) - 10,000
Restricted Stock Units
From: 2018-01-01→ Class A Common Stock (10,000 underlying)
Footnotes (5)
- [F1]On 1/1/2016, 2,772 restricted stock units vested pursuant to their terms. 1,848 restricted stock units did not vest due to two of the five performance metrics not being satisfied and were forfeited. On 2/11/2016, 1,877 shares of Class A Common Stock were issued to Mr. Budd. The balance (895 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.
Documents
Issuer
NEWBRIDGE BANCORP
CIK 0000714530
Entity typeoperating
IncorporatedNC
Related Parties
1- filerCIK 0000714530
Filing Metadata
- Form type
- 4
- Filed
- Feb 11, 7:00 PM ET
- Accepted
- Feb 12, 12:13 PM ET
- Size
- 11.6 KB