Patrick Joseph Madson - 27 Jan 2022 Form 4 Insider Report for NICOLET BANKSHARES INC (NIC)

Role
SVP-Wealth Mgmt-NicoletNatBank
Signature
/s/ H. Phillip Moore, Jr., attorney-in-fact for Patrick Madson
Issuer symbol
NIC
Transactions as of
27 Jan 2022
Net transactions value
-$294,503
Form type
4
Filing time
31 Jan 2022, 16:46:17 UTC
Previous filing
08 Dec 2021
Next filing
16 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NIC Common Stock Options Exercise $341,950 +7,000 +108% $48.85 13,508 27 Jan 2022 Direct
transaction NIC Common Stock Sale $14,996 -163 -1.2% $92.00 13,345 27 Jan 2022 Direct
transaction NIC Common Stock Sale $407,925 -4,500 -34% $90.65 8,845 28 Jan 2022 Direct F1
transaction NIC Common Stock Sale $213,532 -2,337 -26% $91.37 6,508 28 Jan 2022 Direct F2, 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 NIC Stock Option (Right to Buy) Options Exercise $0 -7,000 -26% $0.000000 20,000 27 Jan 2022 Common Stock 7,000 $48.85 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.25 to $91.23, inclusive. Mr. Madson undertakes to provide to Nicolet Bankshares, Inc., any security holder of Nicolet Bankshares, Inc., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.27 to $91.47, inclusive. Mr. Madson undertakes to provide to Nicolet Bankshares, Inc., any security holder of Nicolet Bankshares, Inc., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
F3 Includes 488 shares owned in the Employee Stock Purchase Plan. Mr. Madson has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing, December 8, 2021.
F4 The nonqualified option is exercisable as to 14,600 shares. The nonqualified options vest in five annual installments of 5,400 shares annually on May 16 of each year, beginning on May 16, 2018 and fully vest on May 16, 2022.