Statement of Changes in Beneficial Ownership (4)
28 April 2015 - 6:42PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Maltz Richard B
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2. Issuer Name
and
Ticker or Trading Symbol
BAR HARBOR BANKSHARES
[
BHB
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
Executive Vice President
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(Last)
(First)
(Middle)
PO BOX 400, 82 MAIN STREET
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3. Date of Earliest Transaction
(MM/DD/YYYY)
9/23/2014
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(Street)
BAR HARBOR, ME 04609
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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4/22/2015
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M
(6)
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106
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A
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$0
(1)
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106
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Restricted Stock Units
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(1)
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9/23/2014
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A
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350
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(1)
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9/22/2024
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Common Stock
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350
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(1)
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2342
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D
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Performance Stock Units ("PSUs")
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(2)
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9/23/2014
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A
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424
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4/23/2016
(2)
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9/22/2024
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Common Stock
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424
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(2)
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2766
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D
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Restricted Stock Units ("RSUs")
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(3)
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9/23/2014
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A
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741
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(3)
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9/22/2024
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Common Stock
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741
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(3)
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3507
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D
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Performance Stock Units ("PSUs")
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(4)
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9/23/2014
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A
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741
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7/22/2017
(4)
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9/22/2024
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Common Stock
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741
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(4)
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4248
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D
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Restricted Stock Units ("RSU's)
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(5)
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2/17/2015
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A
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1070
(5)
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(5)
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2/16/2025
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Common Stock
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1070
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(5)
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4322
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D
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Restricted Stock Units ("RSUs")
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(1)
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4/22/2015
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M
(6)
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106
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(6)
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9/22/2024
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Common Stock
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106
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(1)
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4216
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D
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Explanation of Responses:
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(
1)
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Represents a grant of Restricted Stock Units ("RSUs")(Plan A)that will be settled in shares of the issuer's common stock on a one-to-one basis. These RSUs will vest in two annual installments beginning April 22, 2015. At the time of vesting RSUs may be withheld to cover the executives tax liabilities. Shares delivered at each vesting are subject to an additional one year holding period.
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(
2)
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Represents a grant of Performance Stock Units ("PSUs") (Plan A) that will be settled in shares of the issuer's common stock on a one-to-one basis. These PSUs will vest in full on April 23, 2016. At the time of vesting PSUs may be withheld to cover the executives tax liabilities. Shares delivered at vesting are subject to an additional one year holding period.
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(
3)
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Represents a grant of Restricted Stock Units ("RSUs") (Plan B) that will be settled in shares of the issuer's common stock on a one-to-one basis. These RSUs will vest in three annual installments beginning July 23, 2015. At the time of vesting RSUs may be withheld to cover the executives tax liabilities. All shares delived on each vesting date are subject to an additional one year holding period.
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(
4)
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Represents a grant of Performance Stock Units ("PSUs") (Plan B) that will be settled in shares of the issuer's common stock on a one-to-one basis. These PSUs will vest on July 22, 2017. At the time of vesting sufficient PSUs may be withheld to cover the executive's tax liabilities. All shares delivered at time of vesting are subject to an additional one year holding period.
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(
5)
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Represents a correction to the number of Restricted Stock Units ("RSUs")granted on 02/17/2015 from 996 shares as reported on 02/19/2015 to 1,070 (74 share increase). These shares will be settled in shares of the issuer's common stock on a one-for-one basis. These RSUs vest in three annual installments beginning April 23, 2016. At the time of vesting sufficient RSUs may be withheld to cover the exevutives tax liabilities. All shared delivered at each vesting are subject to an additional one year holding period.
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(
6)
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Represents the conversion upon vesting of restricted stock units into common stock. On September 23, 2014 the reporting person was granted 350 RSUs of which 106 vested on April 22, 2015.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Maltz Richard B
PO BOX 400
82 MAIN STREET
BAR HARBOR, ME 04609
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Executive Vice President
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Signatures
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Richard B. Maltz
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4/28/2015
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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