X0304 4 2011-12-30 1 0001109525 BANCORP RHODE ISLAND INC BARI 0001165961 SHERMAN MERRILL W C/O BANCORP RHODE ISLAND INC ONE TURKS HEAD PL PROVIDENCE RI 02903 1 1 0 0 Chief Executive Officer Common Stock 2011-12-30 4 M 0 1629 A 177845 D Common Stock 2011-12-30 4 M 0 1491 A 179336 D Common Stock 2011-12-30 4 D 0 1629 48.25 D 177707 D Common Stock 2011-12-30 4 D 0 1491 48.25 D 176216 D Common Stock 2012-01-01 4 D 0 176216 D 0 D Stock Option (right to buy) 19.80 2011-12-30 4 D 0 1682 28.45 D 2003-02-11 2012-01-01 Common Stock 1682 0 D Stock Option (right to buy) 23.15 2011-12-30 4 D 0 3186 25.10 D 2003-05-30 2012-01-01 Common Stock 3186 0 D Stock Option (right to buy) 34.89 2011-12-30 4 D 0 14330 13.36 D 2007-04-06 2012-01-01 Common Stock 14330 0 D Stock Option (right to buy) 30.54 2011-12-30 4 D 0 5804 17.71 D 2011-12-22 2012-01-01 Common Stock 5804 0 D Stock Option (right to buy) 19.80 2011-12-30 4 D 0 3618 28.45 D 2003-02-11 2012-01-01 Common Stock 3618 0 D Stock Option (right to buy) 19.80 2011-12-30 4 D 0 2200 28.45 D 2003-02-11 2012-01-01 Common Stock 2200 0 D Stock Option (right to buy) 23.15 2011-12-30 4 D 0 12064 25.10 D 2003-05-30 2012-01-01 Common Stock 12064 0 D Stock Option (right to buy) 23.05 2011-12-30 4 D 0 18900 25.20 D 2004-04-15 2012-01-01 Common Stock 18900 0 D Stock Option (right to buy) 32.43 2011-12-30 4 D 0 5000 15.82 D 2005-01-26 2012-01-01 Common Stock 5000 0 D Stock Option (right to buy) 32.91 2011-12-30 4 D 0 14250 15.34 D 2005-04-26 2012-01-01 Common Stock 14250 0 D Stock Option (right to buy) 37.98 2011-12-30 4 D 0 13200 10.27 D 2006-04-08 2012-01-01 Common Stock 13200 0 D Stock Option (right to buy) 34.89 2011-12-30 4 D 0 170 13.36 D 2007-04-06 2012-01-01 Common Stock 170 0 D Stock Option (right to buy) 43.45 2011-12-30 4 D 0 7640 4.80 D 2008-04-24 2012-01-01 Common Stock 7640 0 D Stock Option (right to buy) 43.45 2011-12-30 4 D 0 1910 4.80 D 2008-04-24 2012-01-01 Common Stock 1910 0 D Stock Option (right to buy) 32.89 2011-12-30 4 D 0 14043 15.36 D 2009-04-22 2012-01-01 Common Stock 14043 0 D Stock Option (right to buy) 32.89 2011-12-30 4 D 0 3557 15.36 D 2009-04-22 2012-01-01 Common Stock 3557 0 D Stock Option (right to buy) 26.15 2011-12-30 4 D 0 30056 22.10 D 2010-08-12 2012-01-01 Common Stock 30056 0 D Stock Option (right to buy) 25.86 2011-12-30 4 D 0 6945 22.39 D 2011-04-24 2012-01-01 Common Stock 6945 0 D Performance Share 2011-12-30 4 M 0 1629 D 2013-03-31 Common Stock 1629 0 D Performance Share 2011-12-30 4 M 0 1491 D 2014-03-31 Common Stock 1491 0 D Disposed of pursuant to the Agreement and Plan of Merger, dated as of April 19, 2011 (the "Merger Agreement"), between Bancorp Rhode Island, Inc. ("BancorpRI") and Brookline Bancorp, Inc. ("Brookline"). Pursuant to the Merger Agreement, in exchange for such BancorpRI common stock the reporting person received 4.686 shares of Brookline common stock rounded down to the nearest whole share, having a market value of $8.44 per share on 12/30/2011, for approximately 47.6% of their BancorpRI common stock and cash in the amount of $48.25 per share for the remaining 52.4% of the reporting person's BancorpRI common stock, plus cash for any fractional share based on the average closing price of Brookline common stock for the ten consecutive days ending on December 23, 2011, for total consideration of $7,772,662.82. The option was cancelled in connection with the merger of BancorpRI with and into Brookline pursuant to the terms of the Merger Agreement. The reporting person received $47,852.90 as consideration for the cancellation. The reporting person received $79,968.60 as consideration for the cancellation. The reporting person received $191,448.80 as consideration for the cancellation. The reporting person received $102,788.84 as consideration for the cancellation. The reporting person received $102,932.10 as consideration for the cancellation. The reporting person received $62,590.00 as consideration for the cancellation. The reporting person received $302,806.40 as consideration for the cancellation. The reporting person received $476,280.00 as consideration for the cancellation. The reporting person received $79,100.00 as consideration for the cancellation. The reporting person received $218,595.00 as consideration for the cancellation. The reporting person received $135,564.00 as consideration for the cancellation. The reporting person received $2,271.20 as consideration for the cancellation. The reporting person received $36,672.00 as consideration for the cancellation. The reporting person received $9,168.00 as consideration for the cancellation. The reporting person received $215,700.48 as consideration for the cancellation. The reporting person received $54,635.52 as consideration for the cancellation. The reporting person received $664,237.60 as consideration for the cancellation. The reporting person received $155,498.55 as consideration for the cancellation. Each Performance Share represented the contingent right to receive one share of BancorpRI common stock upon achieving certain performance goals. In connection with the Merger, each Performance Share was cancelled for cash in the amount of 48.25 per share, for total consideration of $150,540.00. Margaret D. Farrell (Attorney-in-fact for Merrill W. Sherman) 2012-01-04