Crosier Louis P 4
4 · Wellesley Bancorp, Inc. · Filed Jun 2, 2020
Insider Transaction Report
Form 4
Crosier Louis P
President of Subsidiary
Transactions
- Disposition to Issuer
Stock Options (right to buy)
2020-06-01−1,600→ 0 totalExercise: $19.14From: 2016-10-01Exp: 2025-10-01→ Common Stock (1,600 underlying) - Disposition to Issuer
Common Stock
2020-06-01−23,200→ 0 total - Disposition to Issuer
Common Stock
2020-06-01−800→ 0 total(indirect: By Stock Award III) - Disposition to Issuer
Common Stock
2020-06-01−1,893.31→ 0 total(indirect: By ESOP) - Disposition to Issuer
Common Stock
2020-06-01−400→ 0 total(indirect: By Stock Award II)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 5, 2019, by and among Cambridge Bancorp ("Cambridge"), Cambridge Trust Company, Wellesley Bancorp, Inc. ("Wellesley") and Wellesley Bank. Wellesley merged with and into Cambridge, with Cambridge continuing as the surviving entity (the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of Wellesley common stock issued and outstanding immediately prior to such time was converted into the right to receive 0.580 shares of Cambridge common stock.
- [F2]At the Effective Time, pursuant to the Agreement and Plan of Merger, dated as of December 5, 2019, by and among Cambridge Bancorp, Cambridge Trust Company, Wellesley Bancorp, Inc. and Wellesley Bank, all stock options were cancelled and the reporting person received a cash payment equal to $32.42 per share minus the applicable exercise price of such stock option multiplied by each stock option held.