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