Werdein Jeffrey M. 4
4 · LAKE SHORE BANCORP, INC. · Filed Oct 30, 2017
Insider Transaction Report
Form 4
Werdein Jeffrey M.
EVP-Commercial Division
Transactions
- Sale
Common Stock
2017-10-24$16.17/sh−516$8,344→ 11,884 total
Holdings
- 915.55(indirect: By ESOP)
Common Stock
- 17,073
Stock Options (Right to Buy)
Exercise: $14.38Exp: 2026-10-21→ Common Stock (17,073 underlying)
Footnotes (4)
- [F1]Includes 2,000 shares of restricted stock which will vest in two equal annual installments. The first installment will vest on August 12, 2018.
- [F2]Includes 5,520 shares of restricted stock which will vest in four equal annual installments, with first installment on October 21, 2018.
- [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.