John R. Buran - 27 Jan 2022 Form 4 Insider Report for FLUSHING FINANCIAL CORP (FFIC)

Role: President & CEO, Director
Signature: Signed by Russell A. Fleishman under Power of Attorney by John R. Buran
Issuer symbol: FFIC
Transactions as of: 27 Jan 2022
Net transactions value: -$207,054
Form type: 4
Filing time: 31 Jan 2022, 17:30:30 UTC
Previous filing: 01 Dec 2021
Next filing: 02 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FFIC	Common Stock	Options Exercise		+17,625	+17%		123,465	27 Jan 2022	Direct	F1
transaction	FFIC	Common Stock	Tax liability	$162,286	-6,463	-5.2%	$25.11	117,002	27 Jan 2022	Direct	F2
transaction	FFIC	Common Stock	Award		+11,750	+10%		128,752	27 Jan 2022	Direct	F3
transaction	FFIC	Common Stock	Tax liability	$44,768	-1,881	-1.5%	$23.80	126,871	28 Jan 2022	Direct	F2
holding	FFIC	Common Stock						86,649	27 Jan 2022	401k	F4

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	FFIC	Common Stock	Options Exercise		-17,625	-100%		0	27 Jan 2022	Common Stock	17,625		Direct	F5
transaction	FFIC	Common Stock	Options Exercise		+11,750			11,750	27 Jan 2022	Common Stock	11,750		Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Acquisition resulted from vesting of an equal number of PRSUs, at max achievement, from the January 31, 2019 grant.
F2	Shares withheld to satisfy taxes upon vesting.
F3	Grant of RSUs which vest ratably annually over a five year period.
F4	Shares held in Flushing Bank 401k a/o 1/28/22.
F5	Disposition resulted from vesting of an equal number of PRSUs, at max achievement, from the January 31, 2019 grant.
F6	Grant of PRSUs, at target level, which cliff vest at the end of three year performance period if certain performance metrics are achieved.