Bankwell Financial Group, Inc. 4
4 · Bankwell Financial Group, Inc. · Filed Dec 11, 2014
Insider Transaction Report
Form 4
VERRICO ERNEST J SR
EVP & CFO
Transactions
- Award
Common Stock
2014-12-09+5,775→ 5,775 total - Award
Common Stock
2014-12-09+10,725→ 10,725 total
Holdings
- 2,000
Common Stock
- 5,000
Common Stock
- 6,500
Common Stock
- 4,000
Common Stock
- 4,000
Stock Options
Exercise: $11.00From: 2015-03-04Exp: 2020-03-04→ Common Stock (4,000 underlying)
Footnotes (5)
- [F1]5,000 shares of restricted stock granted pursuant to the 2007 Bank of New Canaan Stock Option Equity Award Plan and will vest in five equal annual installments of 20%, the first installment of 1,000 shares vested on March 22, 2012 and an additional 20% to vest on each annual anniversary of the grant date thereafter.
- [F2]4,000 shares of restricted stock granted pursuant to the 2007 Bank of New Canaan Stock Option Equity Award Plan and will vest in five equal annual installments of 20%, the first installment of 800 shares vested on March 21, 2013 and an additional 20% to vest on each annual anniversary of the grant date thereafter.
- [F3]6,500 shares of restricted stock granted pursuant to the 2012 BNC Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment to vest on November 5, 2014 and an additional 25% to vest on each annual anniversary of the grant date thereafter.
- [F4]16,500 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 5,775 of those shares are restricted stock that will vest in five equal annual installments of 20%, with the first installment to vest on December 1, 2015 and an additional 20% to vest on each annual anniversary of the vesting date thereafter. 10,725 of those shares are performance restricted stock and may vest when and if the performance goals are achieved, but in any event no earlier than December 1, 2017 and no later than December 1, 2019.
- [F5]Stock Options granted pursuant to the 2007 Bank of New Canaan Stock Option Equity Award Plan and will become exercisable in five equal annual installments of 20%, with the first installment of 800 shares vested on March 4, 2011 and an additional 20% to vest on each annual anniversary of the grant date thereafter.