NEWBRIDGE BANCORP 4
4 · NEWBRIDGE BANCORP · Filed Feb 12, 2016
Insider Transaction Report
Form 4
Broadhurst Spence H
SEVP and Chief Sales Officer
Transactions
- Award
Class A Common Stock
2016-02-11+2,540→ 20,619 total - Tax Payment
Class A Common Stock
2016-02-11$12.18/sh−820$9,988→ 19,799 total
Holdings
- 3,449(indirect: By Trust)
Class A Common Stock
- 6,398
Restricted Stock Units
From: 2017-01-01→ Class A Common Stock (6,398 underlying) - 10,000
Restricted Stock Units
From: 2018-01-01→ Class A Common Stock (10,000 underlying)
Footnotes (5)
- [F1]On 1/1/2016, 2,540 restricted stock units vested pursuant to their terms. 1,694 restricted stock units did not vest due to two of the five performance metrics not being satisfied and were forfeited. On 2/11/2016, 1,720 shares of Class A Common Stock were issued to Mr. Broadhurst. The balance (820 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.