Werdein Jeffrey M. 4
4 · LAKE SHORE BANCORP, INC. · Filed Dec 18, 2018
Insider Transaction Report
Form 4
Werdein Jeffrey M.
EVP-Commercial Division
Transactions
- Tax Payment
Common Stock
2018-12-15$15.20/sh−781$11,873→ 12,932 total - Award
Common Stock
2018-12-15+2,300→ 13,713 total
Holdings
- 17,073
Stock Options
Exercise: $14.38Exp: 2026-10-21→ Common Stock (17,073 underlying) - 1,431(indirect: By ESOP)
Common Stock
Footnotes (5)
- [F1]On January 20, 2016, the reporting person was granted 2,300 shares of restricted stock which vest on December 15, 2018, subject to satisfaction of certain performance criteria. The performance criteria were met, resulting in the vesting of 2,300 shares of restricted stock.
- [F2]Includes 1,000 shares of restricted stock which will vest on August 12, 2019.
- [F3]Includes 4,140 shares of restricted stock which will vest in three equal installments, with first installment on October 21, 2019.
- [F4]These shares were acquired pursuant to an Employee Stock Ownership Plan allocation.
- [F5]Stock options vest at a rate of 20% per year commencing on October 21, 2017.