4//SEC Filing
Bean Claire S 4
Accession 0001181431-11-000465
CIK 0000811831other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 6:48 PM ET
Size
10.3 KB
Accession
0001181431-11-000465
Insider Transaction Report
Form 4
Bean Claire S
CFO and COO
Transactions
- Award
Stock Option (Right to Buy)
2010-12-29+59,404→ 59,404 totalExercise: $13.93Exp: 2020-12-29→ Voting Common Stock (59,404 underlying) - Purchase
Voting Common Stock
2010-12-29$13.93/sh+71,788$1,000,007→ 71,788 total
Footnotes (3)
- [F1]The stock option becomes exercisable in five equal annual installments, commencing on December 29, 2011.
- [F2]Each of these stock options shall become exercisable in three equal tranches based upon the price of the Company's Voting Common Stock exceeding the applicable hurdle price for at least 50 of the previous 75 consecutive trading days (such 50th day, the "Determination Date"), but only after and for so long as the most recent annual assessment of the Company's internal controls completed prior to the applicable Determination Date has concluded that the Company maintained effective internal control over financial reporting (subject to auditor verification, if applicable). The applicable hurdle price for the first tranche of exercisability is: prior to the fifth anniversary of the grant date, $27.86; between the fifth and sixth anniversaries of the grant date, $31.34; and between the sixth and seventh anniversaries of the grant date, $34.83. (Continued in footnote 3).
- [F3]The applicable hurdle price for the second tranche of exercisability is: prior to the sixth anniversary of the grant date, $31.34; and between the sixth and seventh anniversaries of the grant date, $34.83. The applicable hurdle price for the third tranche of exercisability is, prior to the seventh anniversary of the grant date, $34.83.
Documents
Issuer
NORTHEAST BANCORP /ME/
CIK 0000811831
Entity typeother
Related Parties
1- filerCIK 0001319128
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 6:48 PM ET
- Size
- 10.3 KB