PLACEK RICHARD C 4
4 · WESTFIELD FINANCIAL INC · Filed Feb 4, 2009
Insider Transaction Report
Form 4
PLACEK RICHARD C
Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2009-02-02$4.39/sh+17,064$74,911→ 32,083 total - Exercise/Conversion
Stock Option (Right to Buy)
2009-02-02+17,064→ 0 totalExercise: $4.39Exp: 2012-07-26→ Common Stock (17,064 underlying)
Holdings
- 39,000
Stock Option (Right to Buy)
Exercise: $10.04Exp: 2017-08-28→ Common Stock (39,000 underlying) - 19,235(indirect: By Spouse)
Common Stock, par value $0.01 per share
Footnotes (4)
- [F1]Includes a restricted stock award of 14,000 shares granted to the reporting person under the Westfield Financial, Inc. 2007 Recognition and Retention Plan. The shares subject to this award vest in 20% increments on an annual basis, with the second installment scheduled to vest on August 28, 2009.
- [F2]All options are currently exercisable.
- [F3]Includes 4 additional shares that were omitted due to a calculation error on the originally filed Form 4. These options were adjusted pursuant to a reorganization at a rate of 3.28138, or 34,126, with 17,062 previously reported as exercised.
- [F4]Reflects a grant of stock options to the reporting person under the Westfield Financial, Inc. 2007 Stock Option Plan that vests as follows: annually in 20% increments with the second installment scheduled to vest on August 28, 2009.