Werdein Jeffrey M. 4
4 · LAKE SHORE BANCORP, INC. · Filed Dec 17, 2019
Insider Transaction Report
Form 4
Werdein Jeffrey M.
EVP-Commercial Division
Transactions
- Award
Common Stock
2019-12-15+3,859→ 16,326 total - Tax Payment
Common Stock
2019-12-15$15.22/sh−1,310$19,945→ 15,016 total
Holdings
- 1,871(indirect: By ESOP)
Common Stock
- 17,073
Stock Options (Right to Buy)
Exercise: $14.38Exp: 2026-10-21→ Common Stock (17,073 underlying)
Footnotes (4)
- [F1]On February 8, 2017, the reporting person was granted 3,859 shares of restricted stock which vest on December 15, 2019, subject to satisfaction of certain performance criteria. The performance criteria were met, resulting in the vesting of 3,859 shares of restricted stock.
- [F2]Includes 2,760 shares of restricted stock which will vest in two equal installments, with first installment on October 21, 2020.
- [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.