0001567619-19-008061.txt : 20190401
0001567619-19-008061.hdr.sgml : 20190401
20190401185244
ACCESSION NUMBER: 0001567619-19-008061
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190401
FILED AS OF DATE: 20190401
DATE AS OF CHANGE: 20190401
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Parent William M
CENTRAL INDEX KEY: 0001429021
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36551
FILM NUMBER: 19722275
MAIL ADDRESS:
STREET 1: C/O GRAIL INVESTMENT CORP.
STREET 2: 767 THIRD AVENUE, 21ST FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Blue Hills Bancorp, Inc.
CENTRAL INDEX KEY: 0001601545
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 000000000
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1196 RIVER STREET
CITY: HYDE PARK
STATE: MA
ZIP: 02136
BUSINESS PHONE: 617-360-6520
MAIL ADDRESS:
STREET 1: 1196 RIVER STREET
CITY: HYDE PARK
STATE: MA
ZIP: 02136
4
1
doc1.xml
FORM 4
X0306
4
2019-04-01
1
0001601545
Blue Hills Bancorp, Inc.
BHBK
0001429021
Parent William M
500 RIVER RIDGE DRIVE
SUITE 300
NORWOOD
ME
02062
1
1
0
0
President & CEO
Common Stock
2019-04-01
4
F
0
35560
23.90
D
233870
D
Common Stock
2019-04-01
4
J
0
233870
D
0
D
Common Stock
2019-04-01
4
J
0
3650
D
0
I
By IRA
Common Stock
2019-04-01
4
J
0
16823
D
0
I
By 401(k)
Common Stock
2019-04-01
4
J
0
5705
D
0
I
By ESOP
Option (right to buy)
14.07
2019-04-01
4
J
0
130000
D
2025-10-07
Common Stock
130000
0
D
Each share of Issuer common stock was converted into and became exchangeable for the right to receive (i) $5.25 in cash and (ii) 0.2308 shares of Independent Bank Corp. ("Buyer") common stock.
Each option to purchase Issuer common stock, whether vested or unvested, automatically converted to the right to receive a cash payment equal to (i) the number of shares of Issuer common stock provided for in such option and (ii) the excess, if any, of $26.25 over the exercise price per share of Issuer common stock provided for in such option, which cash payment shall be made without interest and shall be net of all applicable withholding taxes.
All unvested shares of restricted stock automatically vest in full at the Effective Time (as defined in the Agreement and Plan of Merger dated September 20, 2018, by and among Buyer, Rockland Trust Company, the Issuer, and Blue Hills Bank, to the extent not previously forfeited, and shall be considered outstanding shares of common stock entitled to receive the Merger Consideration.
Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
/s/ Jeffrey Cass, pursuant to power of attorney
2019-04-01