Gibbons Stephen J. 4
4 · Coastway Bancorp, Inc. · Filed Oct 5, 2018
Insider Transaction Report
Form 4Exit
Gibbons Stephen J.
EVP and CBLO
Transactions
- Other
Common Stock
[F1]2018-10-05−6,784→ 0 total - Other
Common Stock
[F1]2018-10-05−10,021→ 0 total(indirect: By 401(k)) - Other
Common Stock
[F1]2018-10-05−2,167→ 0 total(indirect: By ESOP) - Other
Stock Options
[F2]2018-10-05−2,940→ 0 totalExercise: $16.40From: 2018-02-16Exp: 2027-02-16→ Common Stock (2,940 underlying) - Other
Stock Options
[F2]2018-10-05−15,375→ 0 totalExercise: $12.41From: 2017-02-16Exp: 2026-02-16→ Common Stock (15,375 underlying)
Footnotes (2)
- [F1]Each share of Issuer common stock was converted into and became exchangeable for the right to receive $28.25 in cash.
- [F2]Each option to purchase Issuer common stock, whether vested or unvested, automatically converted to the right to receive a cash payment equal to (i) the number of shares of Issuer common stock provided for in such option and (ii) the excess, if any, of $28.25 over the exercise price per share of Issuer common stock provided for in such option, which cash payment shall be made without interest and shall be net of all applicable withholding taxes.
Signature
/s/ Benjamin M. Azoff, pursuant to power of attorney|2018-10-05