Sutton Beverly 4
4 · LAKE SHORE BANCORP, INC. · Filed Dec 18, 2018
Insider Transaction Report
Form 4
Sutton Beverly
Vice President
Transactions
- Award
Common Stock
2018-12-15+985→ 2,304 total - Tax Payment
Common Stock
2018-12-15$15.20/sh−325$4,941→ 1,979 total
Holdings
- 2,870(indirect: By ESOP)
Common Stock
- 5,691
Stock Option (Right to Buy)
Exercise: $14.38Exp: 2026-10-21→ Common Stock (5,691 underlying)
Footnotes (4)
- [F1]On January 20, 2016, the reporting person was granted 985 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 985 shares of restricted stock.
- [F2]Includes 713 shares of restricted stock which vest in three equal installments. The first installment will vest on October 21, 2018.
- [F3]These shares were acquired pursuant to an Employee Stock Ownership Plan allocation.
- [F4]Stock options vest at a rate of 20% per year commencing on October 21, 2017.