Thomas J. Gunning - 12 Nov 2021 Form 4 Insider Report for Meridian Bancorp, Inc.

Role
Director
Signature
/s/ Ned A. Quint, pursuant to Power of Attorney
Issuer symbol
N/A
Transactions as of
12 Nov 2021
Net transactions value
$0
Form type
4
Filing time
15 Nov 2021, 15:02:17 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EBSB Common Stock Disposed to Issuer -38,323 -100% 0 12 Nov 2021 Direct F1, 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 EBSB Stock Options Disposed to Issuer -15,000 -100% 0 12 Nov 2021 Common Stock 15,000 $17.65 Direct F2, F4
transaction EBSB Stock Options Disposed to Issuer -30,000 -100% 0 12 Nov 2021 Common Stock 30,000 $14.20 Direct F4
transaction EBSB Stock Options Disposed to Issuer -3,500 -100% 0 12 Nov 2021 Common Stock 3,500 $13.06 Direct F4
transaction EBSB Stock Options Disposed to Issuer -2,448 -100% 0 12 Nov 2021 Common Stock 2,448 $7.47 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 Includes shares of restricted stock which vest at a rate of 20% per year commencing on July 31, 2018.
F2 Stock options vest at a rate of 20% per year commencing on July 31, 2018.
F3 Each share of Issuer common stock was converted into and became exchangeable for the right to receive 0.275 shares of Independent Bank Corp. ("Buyer") common stock.
F4 Each option to purchase Issuer common stock, whether vested or unvested, automatically converted to the right to receive a cash payment equal to (i) the number of shares of Issuer common stock provided for in such option and (ii) the excess, if any, of $24.926 over the exercise price per share of Issuer common stock provided for in such option, which cash payment shall be made without interest and shall be net of all applicable withholding taxes.