Francis J. Leto - Jan 1, 2022 Form 4 Insider Report for BRYN MAWR BANK CORP (BMTC)

Role
President and CEO, Director
Signature
/s/ Lori Goldman, Attorney-in-Fact
Stock symbol
BMTC
Transactions as of
Jan 1, 2022
Transactions value $
$0
Form type
4
Date filed
1/3/2022, 02:40 PM
Previous filing
Aug 16, 2021
Next filing
Jan 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMTC Common Stock Options Exercise $0 +4.33K +7% $0.00 66.1K Jan 1, 2022 Direct F1
transaction BMTC Common Stock Options Exercise $0 +4.23K +6.4% $0.00 70.4K Jan 1, 2022 Direct F1
transaction BMTC Common Stock Options Exercise $0 +4.35K +6.18% $0.00 74.7K Jan 1, 2022 Direct F1
transaction BMTC Common Stock Options Exercise $0 +26.1K +34.98% $0.00 101K Jan 1, 2022 Direct F2
transaction BMTC Common Stock Disposed to Issuer -101K -100% 0 Jan 1, 2022 Direct F3
transaction BMTC Common Stock Disposed to Issuer -1.12K -100% 0 Jan 1, 2022 Held in 401(K) Plan F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BMTC Restricted Stock Units Options Exercise $0 -4.33K -100% $0.00* 0 Jan 1, 2022 Common Stock 4.33K Direct F1, F4
transaction BMTC Restricted Stock Units Options Exercise $0 -4.35K -100% $0.00* 0 Jan 1, 2022 Common Stock 4.35K Direct F1, F4
transaction BMTC Restricted Stock Units Options Exercise $0 -4.23K -100% $0.00* 0 Jan 1, 2022 Common Stock 4.23K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Francis J. Leto is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Reflects the full vesting of all outstanding time-based restricted stock units held by the Reporting Person, as contemplated by the respective grant agreements, and that certain Agreement and Plan of Merger entered into as of March 9, 2021 (the "Merger Agreement"), between Bryn Mawr Bank Corporation (the "Issuer") and WSFS Financial Corporation ("WSFS"), pursuant to which the Issuer will merge with and into WSFS (the "Merger"). On December 31, 2021, the closing price of the Issuer was $45.01, and the closing price of WSFS was $50.12.
F2 Reflects the full vesting of all outstanding performance-based restricted stock units held by the Reporting Person, as contemplated by the respective grant agreement, and the Merger Agreement. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. On December 31, 2021, the closing price of the Issuer was $45.01, and the closing price of WSFS was $50.12.
F3 Pursuant to the terms of the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of Issuer's common stock issued and outstanding immediately prior to the Effective Time, subject to certain exceptions, converted into the right to receive, without interest, 0.90 of a share of WSFS common stock.
F4 Each restricted stock unit represents a contingent right to receive one share of BMTC common stock.