Daniel P. Reininga - Feb 27, 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
Stock symbol
LSBK
Transactions as of
Feb 27, 2023
Transactions value $
-$20,201
Form type
4
Date filed
3/1/2023, 10:00 AM
Previous filing
Sep 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSBK Common Stock Award $0 +4.2K +8.27% $0.00 55K Feb 27, 2023 Direct F1
transaction LSBK Common Stock Tax liability -$20.2K -1.74K -3.16% $11.63 53.3K Feb 27, 2023 Direct
holding LSBK Common Stock 17K Feb 27, 2023 By Trust
holding LSBK Common Stock 6K Feb 27, 2023 By GH Graf Realty Corp.
holding LSBK Common Stock 900 Feb 27, 2023 By Spouse
holding LSBK Common Stock 5.82K Feb 27, 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) 30.8K Feb 27, 2023 Common Stock 30.8K $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.