4//SEC Filing
Goodall Nancy Marden 4
Accession 0001225208-20-008440
CIK 0001526952other
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 1:33 PM ET
Size
14.1 KB
Accession
0001225208-20-008440
Insider Transaction Report
Form 4
Goodall Nancy Marden
Director
Transactions
- Disposition to Issuer
Common Stock
2020-06-01−10,000→ 0 total(indirect: By IRA) - Disposition to Issuer
Stock Options (right to buy)
2020-06-01−5,027→ 0 totalExercise: $15.35From: 2013-10-01Exp: 2022-10-01→ Common Stock (5,027 underlying) - Disposition to Issuer
Common Stock
2020-06-01−12,500→ 0 total(indirect: By Profit Sharing Plan) - Exercise/Conversion
Common Stock
2020-04-16$15.35/sh+4,000$61,400→ 8,511 total - Disposition to Issuer
Common Stock
2020-06-01−8,511→ 0 total - Exercise/Conversion
Stock Options (right to buy)
2020-04-16$23.75/sh−4,000$95,000→ 5,027 totalExercise: $15.35From: 2013-10-01Exp: 2022-10-01→ Common Stock (4,000 underlying)
Footnotes (3)
- [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]Stock options granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five approximately equal installments commencing on October 1, 2013.
- [F3]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.
Documents
Issuer
Wellesley Bancorp, Inc.
CIK 0001526952
Entity typeother
Related Parties
1- filerCIK 0001530223
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 1:33 PM ET
- Size
- 14.1 KB