Bender Kevin 4
4 · AMERICAN RIVER BANKSHARES · Filed Feb 21, 2019
Insider Transaction Report
Form 4
Bender Kevin
EVP & CIO
Transactions
- Disposition to Issuer
Common Stock
2018-12-31−2,659→ 16,212 total - Award
Common Stock
2019-02-20+3,217→ 19,429 total
Footnotes (2)
- [F1]On February 15, 2017, Mr. Bender was awarded performance based restricted shares of common stock that carry voting and dividend rights and were subject to increase, decrease, or forfeiture based on the performance of the Company's common stock compared with the stock performance of a peer group. The shares were to be earned from January 1, 2017 to December 31, 2018, with vesting to occur on January 1, 2020. The Company did not meet the performance targets and these restricted shares were forfeited on December 31, 2018.
- [F2]Mr. Bender was awarded restricted shares of common stock that vest ratably over three years or 33.33% per year.