Richard J. Gavegnano - Nov 12, 2021 Form 4 Insider Report for Meridian Bancorp, Inc. (EBSB)

Role
Chairman, President and CEO, Director
Signature
/s/ Ned A. Quint, pursuant to power of attorney
Stock symbol
EBSB
Transactions as of
Nov 12, 2021
Transactions value $
$0
Form type
4
Date filed
11/15/2021, 03:18 PM
Previous filing
Aug 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EBSB Common Stock Disposed to Issuer -1.04M -100% 0 Nov 12, 2021 Direct F1, F3
transaction EBSB Common Stock Disposed to Issuer -17.3K -100% 0 Nov 12, 2021 By ESOP F3, F5

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 -37.5K -100% 0 Nov 12, 2021 Common Stock 37.5K $17.65 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 Shares of restricted stock 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.
F5 Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.