Daniel P. Reininga - 27 Feb 2023 Form 4 Insider Report for LAKE SHORE BANCORP, INC. (LSBK)

Role
President and CEO, Director
Signature
/s/ Rachel A. Foley, pursuant to power of attorney
Issuer symbol
LSBK
Transactions as of
27 Feb 2023
Net transactions value
-$20,201
Form type
4
Filing time
01 Mar 2023, 10:00:04 UTC
Previous filing
02 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSBK Common Stock Award $0 +4,202 +8.3% $0.000000 54,997 27 Feb 2023 Direct F1
transaction LSBK Common Stock Tax liability $20,201 -1,737 -3.2% $11.63 53,260 27 Feb 2023 Direct
holding LSBK Common Stock 17,000 27 Feb 2023 By Trust
holding LSBK Common Stock 6,000 27 Feb 2023 By GH Graf Realty Corp.
holding LSBK Common Stock 900 27 Feb 2023 By Spouse
holding LSBK Common Stock 5,818 27 Feb 2023 By ESOP F2

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) 30,800 27 Feb 2023 Common Stock 30,800 $14.38 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 26, 2020, the reporting person was granted 4,202 shares of restricted stock which vest on February 27, 2023, subject to satisfaction of certain performance criteria. The performance criteria were met, resulting in the vesting of 4,202 shares of restricted stock.
F2 These shares were acquired pursuant to an Employee Stock Ownership Plan allocation.
F3 Options are fully vested.