Jeffrey M. Werdein - Oct 21, 2021 Form 4 Insider Report for LAKE SHORE BANCORP, INC. (LSBK)

Role
EVP-Commercial Division
Signature
/s/ Rachel A. Foley, pursuant to power of attorney
Stock symbol
LSBK
Transactions as of
Oct 21, 2021
Transactions value $
-$7,863
Form type
4
Date filed
11/19/2021, 04:32 PM
Next filing
Mar 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSBK Common Stock Tax liability -$7.86K -526 -3.62% $14.95 14K Oct 21, 2021 Direct
holding LSBK Common Stock 2.74K Oct 21, 2021 By ESOP F1

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
holding LSBK Stock Options (Right to Buy) 17.1K Oct 21, 2021 Common Stock 17.1K $14.38 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were acquired pursuant to an Employee Stock Ownership Plan allocation.
F2 Stock options vest at a rate of 20% per year commencing on October 21, 2017.