0001225208-20-008436.txt : 20200602 0001225208-20-008436.hdr.sgml : 20200602 20200602133253 ACCESSION NUMBER: 0001225208-20-008436 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200601 FILED AS OF DATE: 20200602 DATE AS OF CHANGE: 20200602 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Crosier Louis P CENTRAL INDEX KEY: 0001665431 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35352 FILM NUMBER: 20936391 MAIL ADDRESS: STREET 1: 40 CENTRAL STREET CITY: WELLESLEY STATE: MA ZIP: 02482 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Wellesley Bancorp, Inc. CENTRAL INDEX KEY: 0001526952 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036] IRS NUMBER: 453219901 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 100 WORCESTER STREET, SUITE 300 CITY: WELLESLEY STATE: MA ZIP: 02481 BUSINESS PHONE: 781-235-2550 MAIL ADDRESS: STREET 1: 100 WORCESTER STREET, SUITE 300 CITY: WELLESLEY STATE: MA ZIP: 02481 4 1 doc4.xml X0306 4 2020-06-01 1 0001526952 Wellesley Bancorp, Inc. WEBK 0001665431 Crosier Louis P 100 WORCESTER STREET, SUITE 300 WELLESLEY MA 02481 1 President of Subsidiary Common Stock 2020-06-01 4 D 0 23200.0000 0.0000 D 0.0000 D Common Stock 2020-06-01 4 D 0 1893.3100 0.0000 D 0.0000 I By ESOP Common Stock 2020-06-01 4 D 0 400.0000 0.0000 D 0.0000 I By Stock Award II Common Stock 2020-06-01 4 D 0 800.0000 0.0000 D 0.0000 I By Stock Award III Stock Options (right to buy) 19.1400 2020-06-01 4 D 0 1600.0000 0.0000 D 2016-10-01 2025-10-01 Common Stock 1600.0000 0.0000 D Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 5, 2019, by and among Cambridge Bancorp ("Cambridge"), Cambridge Trust Company, Wellesley Bancorp, Inc. ("Wellesley") and Wellesley Bank. Wellesley merged with and into Cambridge, with Cambridge continuing as the surviving entity (the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of Wellesley common stock issued and outstanding immediately prior to such time was converted into the right to receive 0.580 shares of Cambridge common stock. At the Effective Time, pursuant to the Agreement and Plan of Merger, dated as of December 5, 2019, by and among Cambridge Bancorp, Cambridge Trust Company, Wellesley Bancorp, Inc. and Wellesley Bank, all stock options were cancelled and the reporting person received a cash payment equal to $32.42 per share minus the applicable exercise price of such stock option multiplied by each stock option held. /s/ Edward G. Olifer, Power of Attorney 2020-06-02