Sutton Beverly 4
4 · LAKE SHORE BANCORP, INC. · Filed Dec 17, 2019
Insider Transaction Report
Form 4
Sutton Beverly
Vice President
Transactions
- Award
Common Stock
2019-12-15+1,468→ 3,369 total - Tax Payment
Common Stock
2019-12-15$15.22/sh−485$7,384→ 2,884 total
Holdings
- 3,116(indirect: By ESOP)
Common Stock
- 5,691
Stock Options (Right to Buy)
Exercise: $14.38Exp: 2026-10-21→ Common Stock (5,691 underlying)
Footnotes (4)
- [F1]On February 8, 2017, the reporting person was granted 1,468 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 1,468 shares of restricted stock.
- [F2]Includes 475 shares of restricted stock which vest in two equal installments. The first installment will vest 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.