Jeffrey M. Werdein - Feb 27, 2023 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
Feb 27, 2023
Transactions value $
-$9,688
Form type
4
Date filed
3/1/2023, 10:01 AM
Previous filing
Nov 19, 2021
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSBK Common Stock Award $0 +2.02K +14.37% $0.00 16K Feb 27, 2023 Direct F1
transaction LSBK Common Stock Tax liability -$9.69K -833 -5.19% $11.63 15.2K Feb 27, 2023 Direct
holding LSBK Common Stock 3.7K 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) 17.1K Feb 27, 2023 Common Stock 17.1K $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 2,015 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 2,025 shares of restricted stock.
F2 These shares were acquired pursuant to an Employee Stock Ownership Plan allocation.
F3 Options are fully vested.