4//SEC Filing
DeWyngaert Heidi 4
Accession 0001140361-18-010112
CIK 0001505732other
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 2:55 PM ET
Size
14.1 KB
Accession
0001140361-18-010112
Insider Transaction Report
Form 4
DeWyngaert Heidi
EVP & CLO
Transactions
- Tax Payment
Common Stock
2018-02-22$32.19/sh−2,578$82,977→ 61,013 total - Exercise/Conversion
Common Stock
2018-02-22$20.70/sh+4,000$82,800→ 63,591 total - Exercise/Conversion
Stock Options
2018-02-22$20.70/sh−4,000$82,800→ 0 totalExercise: $20.70From: 2015-03-26Exp: 2018-03-26→ Common Stock (4,000 underlying)
Holdings
- 1,500
Common Stock
- 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) - 1,500
Common Stock
Footnotes (6)
- [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 2/22/18 - 2,578 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 $32.11 - $32.60. Reporting person agrees to provide individual transaction information to SEC upon request.
- [F5]3,000 shares of Bankwell Financial Group, Inc. stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. 1,500 of those shares are restricted stock that will vest in three substantially equal annual installments, with the first installment to vest on February 7, 2019 and the second and third installments to vest on each annual anniversary of the vesting date thereafter. 1,500 of those shares are performance restricted stock and may vest when and if the performance goal is achieved.
- [F6]Stock Options granted pursuant to the 2007 Bank of New Canaan Stock Option Equity Award Plan, all of which are fully vested.
Documents
Issuer
Bankwell Financial Group, Inc.
CIK 0001505732
Entity typeother
Related Parties
1- filerCIK 0001607544
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 2:55 PM ET
- Size
- 14.1 KB