DeWyngaert Heidi 4
4 · Bankwell Financial Group, Inc. · Filed Feb 16, 2018
Insider Transaction Report
Form 4
DeWyngaert Heidi
EVP & CLO
Transactions
- Exercise/Conversion
Common Stock
2018-02-15$20.70/sh+4,000$82,800→ 62,114 total - Exercise/Conversion
Stock Options
2018-02-15$20.70/sh−4,000$82,800→ 4,000 totalExercise: $20.70From: 2015-03-26Exp: 2018-03-26→ Common Stock (4,000 underlying) - Tax Payment
Common Stock
2018-02-15$32.88/sh−2,523$82,965→ 59,591 total
Holdings
- 2,520
Common Stock
- 1,988
Common Stock
- 1,500
Stock Options
Exercise: $12.64From: 2014-06-23Exp: 2019-06-23→ Common Stock (1,500 underlying)
Footnotes (5)
- [F1]18,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 6,300 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. As of the Transaction Date, 3,780 Shares have fully vested. 3,978 of those shares are restricted stock that will vest in four equal annual installments of 25%, with the first installment to vest on December 1, 2016 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the Transaction Date, 1,990 Shares have fully vested. 7,722 of those shares are performance restricted stock and may vest when and if the performance goals are achieved, but in any event no later than December 1, 2019. As of the Transaction Date, all 7,722 Performance Shares have vested.
- [F2]Of the Shares reported, 13,486 Shares are owned jointly with spouse.
- [F3]On 2/15/18 - 2,523 shares were withheld and sold through the Company sponsored cashless stock exercise program, to cover the exercise cost for converting the stock options to common stock.
- [F4]Range of reported sale price is $32.85 - $33.00. Reporting person agrees to provide individual transaction information to SEC upon request.
- [F5]Stock Options granted pursuant to the 2007 Bank of New Canaan Stock Option Equity Award Plan, all of which are fully vested.