LAKE SHORE BANCORP, INC. 4
4 · LAKE SHORE BANCORP, INC. · Filed Oct 24, 2016
Insider Transaction Report
Form 4
Werdein Jeffrey M.
EVP-Commercial Division
Transactions
- Award
Common Stock
2016-10-21+6,900→ 12,400 total - Award
Stock Options (Right to Buy)
2016-10-21+17,073→ 17,073 totalExercise: $14.38Exp: 2026-10-21→ Common Stock (17,073 underlying)
Holdings
- 412(indirect: By ESOP)
Common Stock
Footnotes (4)
- [F1]Includes 3,000 shares of restricted stock which will vest in three equal annual installments. The first installment will vest on August 12, 2017.
- [F2]Shares of restricted stock vest at a rate of 20% per year commencing on October 21, 2017.
- [F3]These shares were acquired pursuant to an Employee Stock Ownership Plan allocation.
- [F4]Stock options vest at a rate of 20% per year commencing on October 21, 2017.