Jack L. Kopnisky - Oct 27, 2021 Form 4 Insider Report for STERLING BANCORP (STL)

Role: President & CEO, Director
Signature: /s/ Jack L. Kopnisky
Stock symbol: STL
Transactions as of: Oct 27, 2021
Transactions value $: -$763,179
Form type: 4
Date filed: 10/28/2021, 05:22 PM
Next filing: Dec 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STL	Common Stock, $.01 par value per share	Options Exercise	$618K	+54.4K	+10.5%	$11.36	573K	Oct 27, 2021	Direct
transaction	STL	Common Stock, $.01 par value per share	Sale	-$1.38M	-54.4K	-9.5%	$25.38	518K	Oct 27, 2021	Direct	F1
holding	STL	Common Stock						10K	Oct 27, 2021	Spouse
holding	STL	Common Stock						4.46K	Oct 27, 2021	Joint with Spouse

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	STL	Employee Stock Option (right to buy)	Options Exercise	$0	-54.4K	-100%	$0.00^*	0	Oct 27, 2021	Common Stock	54.4K	$11.36	Direct	F2

* 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 $25.27 to $25.53 inclusive. The reporting person undertakes to provide to the Registrant, any security holder of the Registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the ranges set forth in Footnote 1 to this Form 4.
F2	The option, representing a right to purchase a total of 54,435 shares, became exercisable in three equal annual installments beginning on 10/24/2014, which was the first anniversary of the date on which the option was granted.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.27 to $25.53 inclusive. The reporting person undertakes to provide to the Registrant, any security holder of the Registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the ranges set forth in Footnote 1 to this Form 4.

The option, representing a right to purchase a total of 54,435 shares, became exercisable in three equal annual installments beginning on 10/24/2014, which was the first anniversary of the date on which the option was granted.