Patrick Madson - Jan 27, 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
Stock symbol
NIC
Transactions as of
Jan 27, 2022
Transactions value $
-$294,503
Form type
4
Date filed
1/31/2022, 04:46 PM
Previous filing
Dec 8, 2021
Next filing
Nov 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NIC Common Stock Options Exercise $342K +7K +107.56% $48.85 13.5K Jan 27, 2022 Direct
transaction NIC Common Stock Sale -$15K -163 -1.21% $92.00 13.3K Jan 27, 2022 Direct
transaction NIC Common Stock Sale -$408K -4.5K -33.72% $90.65 8.85K Jan 28, 2022 Direct F1
transaction NIC Common Stock Sale -$214K -2.34K -26.42% $91.37 6.51K Jan 28, 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 -7K -25.93% $0.00 20K Jan 27, 2022 Common Stock 7K $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.