4//SEC Filing
GILMAN ROBERT R 4
Accession 0001179110-10-015137
CIK 0001018399other
Filed
Oct 20, 8:00 PM ET
Accepted
Oct 21, 2:12 PM ET
Size
6.5 KB
Accession
0001179110-10-015137
Insider Transaction Report
Form 4
GILMAN ROBERT R
EVP - Principal Subsidiary
Transactions
- Award
Stock Option (Right to Buy)
2010-10-19+12,000→ 12,000 totalExercise: $11.30→ Common Stock (12,000 underlying)
Footnotes (3)
- [F1]The option granted is for a maximum number of 12,000 shares if Mr. Gilman retires as a full-time employee prior to March 16, 2011, subject to automatic reduction in the number of shares subject to the option based on the date of Mr. Gilman's retirement as follows: 9,000 shares if he retires on or after March 16, 2011 and before March 16, 2012; 6,000 shares if he retires on or after March 16, 2012 and before March 16, 2013; 3,000 shares if he retires on or after March 16, 2013 and before March 16, 2014; and if he retires on or after March 16, 2014, then the option is null and void and Mr. Gilman has no right to purchase any shares thereunder.
- [F2]Subject to the limitations on the number of shares subject to the option described in footnote (1), the option shall vest 100% on the date of Mr. Gilman's retirement.
- [F3]To the extent that the option vests for any amount of shares as described in footnotes (1) and (2), the option will expire if not sooner exercised on the third anniversary of the date of Mr. Gilman's retirement.
Documents
Issuer
ENTERPRISE BANCORP INC /MA/
CIK 0001018399
Entity typeother
Related Parties
1- filerCIK 0001282779
Filing Metadata
- Form type
- 4
- Filed
- Oct 20, 8:00 PM ET
- Accepted
- Oct 21, 2:12 PM ET
- Size
- 6.5 KB