Wang Tina L 4
4 · Wellesley Bancorp, Inc. · Filed Jun 2, 2020
Insider Transaction Report
Form 4
Wang Tina L
Director
Transactions
- Exercise/Conversion
Common Stock
2020-04-16$15.35/sh+9,027$138,564→ 33,538 total - Disposition to Issuer
Common Stock
2020-06-01−33,538→ 0 total - Exercise/Conversion
Stock Options (right to buy)
2020-04-16$23.75/sh−9,027$214,391→ 0 totalExercise: $15.35From: 2013-10-01Exp: 2022-10-01→ Common Stock (9,027 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]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]Stock options granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five approximately equal installments commencing on October 1, 2013.