Statement of Changes in Beneficial Ownership (4)
November 15 2021 - 3:25PM
Edgar (US Regulatory)
FORM 4
[X]
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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3235-0287
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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
*
Carroll John A |
2. Issuer Name and Ticker or Trading Symbol
Meridian Bancorp, Inc.
[
EBSB
]
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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) Chief Operating Officer |
(Last)
(First)
(Middle)
67 PROSPECT STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/12/2021 |
(Street)
PEABODY, MA 01960
(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 | 11/12/2021 | | D | | 31172 | D | (4) | 0 (1)(2) | D | |
Common Stock | 11/12/2021 | | D | | 8409 | D | (4) | 0 (6) | I | By ESOP |
Common Stock | 11/12/2021 | | D | | 4011 | D | (4) | 0 (6) | I | By 401(k) |
Common Stock | 11/12/2021 | | D | | 14896 | D | (4) | 0 | I | By IRA |
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 | $17.65 | 11/12/2021 | | D | | | 15032 | 7/31/2018 | 7/31/2027 | Common Stock | 15032 (3) | (5) | 0 | D | |
Stock Options | $14.20 | 11/12/2021 | | D | | | 30062 | 11/2/2016 | 11/2/2025 | Common Stock | 30062 | (5) | 0 | D | |
Stock Options | $13.06 | 11/12/2021 | | D | | | 3000 | 3/26/2016 | 3/26/2025 | Common Stock | 3000 | (5) | 0 | D | |
Stock Options | $7.4661 | 11/12/2021 | | D | | | 1224 | 4/23/2014 | 4/23/2023 | Common Stock | 1224 | (5) | 0 | D | |
Stock Options | $5.3831 | 11/12/2021 | | D | | | 6121 | 5/9/2013 | 5/9/2022 | Common Stock | 6121 | (5) | 0 | D | |
Explanation of Responses: |
(1) | Includes shares of restricted stock which vest at a rate of 20% per year commencing on May 6, 2022. |
(2) | Includes shares of restricted stock which vest at a rate of 20% per year commencing on July 31, 2018. |
(3) | Stock options vest at a rate of 20% per year commencing on July 31, 2018. |
(4) | Each share of Issuer common stock was converted into and became exchangeable for the right to receive 0.275 shares of Independent Bank Corp. ("Buyer") common stock. |
(5) | 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 $24.926 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. |
(6) | Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Carroll John A 67 PROSPECT STREET PEABODY, MA 01960 |
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| Chief Operating Officer |
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Signatures
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/s/ Ned A. Quint, pursuant to power of attorney | | 11/15/2021 |
**Signature of Reporting Person | Date |
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