MACDONOUGH JOSEPH F 4
4 · WESTBOROUGH FINANCIAL SERVICES INC · Filed Feb 9, 2005
Insider Transaction Report
Form 4
MACDONOUGH JOSEPH F
DirectorPresident and CEO
Transactions
- Sale
Common Stock, par value $0.01 per share
2005-02-08$30.25/sh−200$6,050→ 314 total(indirect: By Spouse) - Sale
Common Stock, par value $0.01 per share
2005-02-08$30.30/sh−300$9,090→ 1,741 total(indirect: By IRA)
Holdings
- 1,096(indirect: By ESOP)
Common Stock, par value $0.01 per share
- 1,920
Stock Option (Right to Buy)
Exercise: $10.31From: 2002-01-25Exp: 2011-01-25→ Common Stock (1,920 underlying) - 3,500
Common Stock, par value $0.01 per share
- 1,679(indirect: By 401(k))
Common Stock, par value $0.01 per share
- 3,800
Common Stock, par value $0.01 per share
Footnotes (4)
- [F1]Joint with spouse.
- [F2]Includes 2,280 shares which reflects the vested 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 awards vest as follows: 760 shares each on April 30, 2005 and 2006.
- [F3]Consists of shares allocated to the reporting person's account under the Employee Stock Ownership Plan of Westborough Financial Services, Inc. (the "ESOP") as of December 31, 2003. 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 1934, as amended.
- [F4]Reflects stock options granted to the reporting person under the Westborough Financial Services, Inc. 2001 Stock Option Plan.