4//SEC Filing
Sommerfield Thomas R 4
Accession 0001567619-19-008053
CIK 0001601545other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 6:40 PM ET
Size
15.5 KB
Accession
0001567619-19-008053
Insider Transaction Report
Form 4
Sommerfield Thomas R
Senior Vice President
Transactions
- Other
Common Stock
2019-04-01−5,000→ 0 total(indirect: By Youngest Son) - Tax Payment
Common Stock
2019-04-01$23.90/sh−13,335$318,707→ 61,075 total - Other
Common Stock
2019-04-01−5,705.139→ 0 total(indirect: By ESOP) - Other
Common Stock
2019-04-01−61,075→ 0 total - Other
Common Stock
2019-04-01−6,000→ 0 total(indirect: By IRA) - Other
Common Stock
2019-04-01−48,503.693→ 0 total(indirect: By 401(k)) - Other
Option
2019-04-01−170,000→ 0 totalExercise: $14.07Exp: 2025-10-07→ Common Stock (170,000 underlying)
Footnotes (4)
- [F1]Each share of Issuer common stock was converted into and became exchangeable for the right to receive (i) $5.25 in cash and (ii) 0.2308 shares of Independent Bank Corp. ("Buyer") common stock.
- [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 $26.25 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.
- [F3]All unvested shares of restricted stock automatically vest in full at the Effective Time (as defined in the Agreement and Plan of Merger dated September 20, 2018, by and among Buyer, Rockland Trust Company, the Issuer, and Blue Hills Bank, to the extent not previously forfeited, and shall be considered outstanding shares of common stock entitled to receive the Merger Consideration.
- [F4]Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
Documents
Issuer
Blue Hills Bancorp, Inc.
CIK 0001601545
Entity typeother
Related Parties
1- filerCIK 0001611209
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 6:40 PM ET
- Size
- 15.5 KB