4//SEC Filing
Letner Ralph 4
Accession 0001225208-20-008443
CIK 0001526952other
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 1:33 PM ET
Size
13.6 KB
Accession
0001225208-20-008443
Insider Transaction Report
Form 4
Letner Ralph
SVP & Chief Lending Officer
Transactions
- Tax Payment
Common Stock
2020-01-01$44.85/sh−174$7,804→ 3,767 total - Disposition to Issuer
Common Stock
2020-06-01−2,225.76→ 0 total(indirect: By ESOP) - Disposition to Issuer
Stock Options (right to buy)
2020-06-01−10,000→ 0 totalExercise: $19.00Exp: 2024-10-01→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock
2020-06-01−2,435.85→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Common Stock
2020-06-01−3,767→ 0 total - Disposition to Issuer
Common Stock
2020-06-01−1,000→ 0 total(indirect: By Stock Award II)
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]Since the reporting person's last report a certain number of shares that were previously held by Stock Award have since vested to direct ownership.
- [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 0001609439
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 1:33 PM ET
- Size
- 13.6 KB