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