4//SEC Filing
CASAGRANDE JOHN L 4
Accession 0001228549-04-000001
CIK 0001087843other
Filed
May 27, 8:00 PM ET
Accepted
May 28, 12:33 PM ET
Size
9.0 KB
Accession
0001228549-04-000001
Insider Transaction Report
Form 4
CASAGRANDE JOHN L
DirectorSenior V.P. and Treasure
Transactions
- Sale
Common Stock, par value $0.01 per share
2004-05-26$28.64/sh−400$11,456→ 800 total
Holdings
- 726(indirect: By ESOP)
Common Stock, par value $0.01 per share
- 1,763(indirect: By 401(k))
Common Stock, par value $0.01 per share
- 2,700
Stock Option (Right to Buy)
Exercise: $10.31Exp: 2011-01-25→ Common Stock (2,700 underlying)
Footnotes (3)
- [F1]By RRP. Includes 800 shares which reflects a restricted stock award granted to the reporting person under the Westborough Financial Services, Inc. 2001 Recognition and Retention Plan. These shares were awarded to the reporting person and are held in trust on behalf of the reporting person, subject to vesting. The remaining portion of the restricted stock award vests as follows: 400 shares each on April 30, 2005 and 2006.
- [F2]Consists of shares allocated to the reporting person's account under the Employee Stock Ownership Plan of Westborough Financial Services, Inc. (the "ESOP"). Pursuant to Rule 16a-3(f)(1)(i)(B), this non-discretionary transaction occurring under the ESOP, a tax-qualified plan, is exempt from the reporting requirements of Section 16(a) of the Securities and Exchange Act of 1934, as amended.
- [F3]Reflects Stock Options granted to the reporting person under the Westborough Financial Services, Inc. 2001 Stock Option Plan. Currently, 900 shares are vested and the remaining 1,800 shares of stock options will vest in increments of 900 shares on an annual basis, with the first 900 share installment scheduled to vest on January 25, 2005.
Documents
Issuer
WESTBOROUGH FINANCIAL SERVICES INC
CIK 0001087843
Entity typeother
Related Parties
1- filerCIK 0001228549
Filing Metadata
- Form type
- 4
- Filed
- May 27, 8:00 PM ET
- Accepted
- May 28, 12:33 PM ET
- Size
- 9.0 KB