4//SEC Filing
WESTBOROUGH FINANCIAL SERVICES INC 4
Accession 0001228549-05-000001
CIK 0001087843other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 6:04 PM ET
Size
8.8 KB
Accession
0001228549-05-000001
Insider Transaction Report
Form 4
CASAGRANDE JOHN L
DirectorSenior V.P. and Treasure
Transactions
- Sale
Common Stock, par value $0.01 per share
2005-02-14$28.58/sh−1,125$32,152→ 656 total(indirect: By 401(k))
Holdings
- 800
Common Stock, par value $0.01 per share
- 726(indirect: By ESOP)
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]Reflects a restricted stock award of 800 shares 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 restricted award will vest 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)(l)(i)(B), this non-discretionary transaction occuring under the ESOP, a tax-qualified plan, is exempt from the reporting requirements of Section 16(a) of the Securities and Exchange Act of 1943, as amended.
- [F3]Reflects Stock Options granted to the reporting person under the Westborough Financial Services, Inc. 2001 Stock Option Plan. Currently, 1,800 shares are vested and the remaining 900 shares of stock option will vest on January 25, 2006.
Documents
Issuer
WESTBOROUGH FINANCIAL SERVICES INC
CIK 0001087843
Entity typeother
IncorporatedMA
Related Parties
1- filerCIK 0001087843
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 6:04 PM ET
- Size
- 8.8 KB