DERENZO MITCHELL A 4
4 · AMERICAN RIVER BANKSHARES · Filed Feb 21, 2019
Insider Transaction Report
Form 4
DERENZO MITCHELL A
Executive Vice President, CFO
Transactions
- Award
Common Stock
2019-02-20+3,217→ 64,534 total - Disposition to Issuer
Common Stock
2018-12-31−2,659→ 61,317 total
Footnotes (2)
- [F1]On February 15, 2017, Mr. Derenzo was awarded performance based restricted shares of common stock that carry voting and dividend rights and were subject to increase, decrease, or forfeiture based on the performance of the Company's common stock compared with the stock performance of a peer group. The shares were to be earned from January 1, 2017 to December 31, 2018, with vesting to occur on January 1, 2020. The Company did not meet the performance targets and these restricted shares were forfeited on December 31, 2018.
- [F2]Mr. Derenzo was awarded restricted shares of common stock that vest ratably over three years or 33.33% per year.