LUDDECKE LOUIS 4
4 · LAKELAND BANCORP INC · Filed Jan 26, 2011
Insider Transaction Report
Form 4
LUDDECKE LOUIS
EVP & Chief Operations Officer
Transactions
- Award
Common Stock
2011-01-25$10.43/sh−6,659$69,453→ 47,756 total
Footnotes (2)
- [F1]D: Includes 5,805 restricted shares that have not yet vested. I: 6 shares held by wife.
- [F2]Reference is made to shares of restricted stock awarded under the Lakeland Bancorp Inc. 2009 Equity Compensation Program ("Plan"). Subject to vesting and transferability requirements and restrictions under the Emergency Economic Stabilization Act of 2008 (?EESA?), as amended by the American Recovery and Reinvestment Act of 2009 (?ARRA?), the Interim Final Rule promulgated by the U.S. Department of Treasury on June 15, 2009, as may be further amended, and the Plan, the shares of the restricted stock shall vest as follows: 45% on January 25, 2013, 45% on January 25, 2014, with the remaining 10% on the later of January 25, 2016 or the date on which the Company repays the Capital Purchase Program investment.