GRAVELINE MARK S 4
4 · Naugatuck Valley Financial Corp · Filed Jun 30, 2011
Insider Transaction Report
Form 4
GRAVELINE MARK S
SVP & Chief Lending Officer
Transactions
- Other
Common Stock
2011-06-29+3,909→ 3,909 total - Other
Common Stock
2011-06-29+2,816→ 2,816 total(indirect: By ESOP) - Other
Common Stock
2011-06-29+598→ 598 total(indirect: By Stock Award II) - Other
Stock Option (right to buy)
2011-06-29+7,982→ 7,982 totalExercise: $11.12From: 2006-07-26Exp: 2015-07-26→ Common Stock (7,982 underlying) - Other
Stock Option (right to buy)
2011-06-29+997→ 997 totalExercise: $11.12From: 2009-07-26Exp: 2018-07-26→ Common Stock (997 underlying) - Purchase
Common Stock
2011-06-29$8.00/sh+5,000$40,000→ 5,000 total(indirect: By IRA)
Footnotes (5)
- [F1]Pursuant to the Amended and Restated Plan of Conversion and Reorganization of Naugatuck Valley Mutual Holding Company, each share of common stock of Naugatuck Valley Financial Corporation (Federal corporation) was exchanged for 0.9978 share of common stock of Naugatuck Valley Financial Corporation (Maryland corporation).
- [F2]Stock Awards granted pursuant to the Naugatuck Valley Financial Corporation 2005 Equity Incentive Plan vest in five equal annual installments commencing on July 26, 2009.
- [F3]Pursuant to the Amended and Restated Plan of Conversion and Reorganization of Naugatuck Valley Mutual Holding Company, each option to purchase shares of common stock of Naugatuck Valley Financial Corporation (Federal corporation) was converted into an option to purchase shares of common stock of Naugatuck Valley Financial Corporation (Maryland corporation) by multiplying the number of shares subject to each option by the 0.9978 exchange ratio, rounded down to the nearest share. The exercise price per share of each converted option was determined by dividing the exercise price of the option by the 0.9978 exchange ratio. All such converted options continue to vest based on their original terms.
- [F4]Stock Options granted pursuant to the Naugatuck Valley Financial Corporation 2005 Equity Incentive Plan are fully vested and exercisable.
- [F5]Stock Options granted pursuant to the Naugatuck Valley Financial Corporation 2005 Equity Incentive Plan vest in five equal annual installments commencing on July 26, 2009.