4//SEC Filing
MSB FINANCIAL CORP 4
Accession 0001140361-16-077612
CIK 0001635261operating
Filed
Aug 22, 8:00 PM ET
Accepted
Aug 23, 3:05 PM ET
Size
8.5 KB
Accession
0001140361-16-077612
Insider Transaction Report
Form 4
GALLAWAY W SCOTT
Director
Transactions
- Other
Stock Option (Right to Buy)
2016-08-22−1,508→ 10,556 totalExercise: $13.04From: 2017-06-07Exp: 2026-06-06→ Common Stock (1,508 underlying)
Holdings
- 4,331(indirect: By Equity Incentive Plan)
Common Stock
- 24,136
Common Stock
- 21,972
Stock Option (Right to Buy)
Exercise: $9.43From: 2009-05-09Exp: 2018-05-08→ Common Stock (21,972 underlying)
Footnotes (1)
- [F1]On August 22, 2016, the Reporting Person and the Company agreed to amend a previously-issued grant of stock options to reduce the number of shares of common stock that may be purchased upon exercise. The option was granted pursuant to the terms of the Company's 2016 Equity Incentive Plan which limited the aggregate number of options that may be granted to outside directors of the Company of which the Reporting Person is one to 84,449. Subsequent to the date of grant of the option, a new individual joined as an outside director. In order to permit the new director to participate in an equitable manner under the Plan and to further align his interests with that of stockholders generally, the outside directors each agreed to forfeit to the Company the right to purchase 1,508 shares. The option will continue to vest in increments of 20% of the reduced grant amount on each of the five anniversaries of the date of grant.
Documents
Issuer
MSB FINANCIAL CORP
CIK 0001635261
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001635261
Filing Metadata
- Form type
- 4
- Filed
- Aug 22, 8:00 PM ET
- Accepted
- Aug 23, 3:05 PM ET
- Size
- 8.5 KB