Statement of Changes in Beneficial Ownership (4)
December 10 2019 - 4:13PM
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).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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
*
Crosier Louis P |
2. Issuer Name and Ticker or Trading Symbol
Wellesley Bancorp, Inc.
[
WEBK
]
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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)
President of Subsidiary |
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(Last)
(First)
(Middle)
100 WORCESTER STREET, SUITE 300 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/9/2019 |
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(Street)
WELLESLEY, MA 02481
(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 | 12/9/2019 | | M | | 10000.0000 | A | $19.0000 | 16800.0000 | D | |
| Common Stock | 12/9/2019 | | M | | 6400.0000 | A | $19.1400 | 23200.0000 (1) | D | |
| Common Stock | | | | | | | | 1893.3100 | I | By ESOP (2) |
| Common Stock | | | | | | | | 400.0000 (3) | I | By Stock Award II (4) |
| Common Stock | | | | | | | | 800.0000 (5) | I | By Stock Award III (6) |
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) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Stock Options (right to buy) | $19.0000 | 12/9/2019 | | M | | | 10000.0000 | 10/1/2015 (7) | 10/1/2024 | Common Stock | 10000.0000 | $0.0000 | 0.0000 | D | |
| Stock Options (right to buy) | $19.1400 | 12/9/2019 | | M | | | 6400.0000 | 10/1/2016 (8) | 10/1/2025 | Common Stock | 6400.0000 | $0.0000 | 1600.0000 | D | |
| Explanation of Responses: |
| (1) | Since the reporting person's last report 2,400 shares held by Stock Award, 1,600 shares held by Stock Award II and 1,200 shares held by Stock Award II have vested and are now held directly. |
| (2) | This Form 4 reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c). |
| (3) | 1,600 shares previously held by Stock Award II have vested and are now owned directly. |
| (4) | Stock Awards II granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five approximately equal installments commencing on October 1, 2016. |
| (5) | 1,200 shares previously held by Stock Award III have vested and are now owned directly. |
| (6) | Stock Awards III granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five approximately equal installments commencing on October 1, 2017. |
| (7) | Stock options granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five approximately equal installments commencing on October 1, 2015. |
| (8) | Stock options granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five approximately equal installments commencing on October 1, 2016. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Crosier Louis P
100 WORCESTER STREET, SUITE 300
WELLESLEY, MA 02481 |
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| President of Subsidiary |
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Signatures
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| Edward G. Olifer, Power of Attorney | | 12/10/2019 |
| **Signature of Reporting Person | Date |
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