0000802681-22-000006.txt : 20220103
0000802681-22-000006.hdr.sgml : 20220103
20220103153634
ACCESSION NUMBER: 0000802681-22-000006
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211231
FILED AS OF DATE: 20220103
DATE AS OF CHANGE: 20220103
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HOLLAND WENDELL F
CENTRAL INDEX KEY: 0001176439
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35746
FILM NUMBER: 22501893
MAIL ADDRESS:
STREET 1: 10435 DOWNSVILLE PIKE
CITY: HAGERSTOWN
STATE: MD
ZIP: 21740
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BRYN MAWR BANK CORP
CENTRAL INDEX KEY: 0000802681
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 232434506
STATE OF INCORPORATION: PA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 801 LANCASTER AVE
CITY: BRYN MAWR
STATE: PA
ZIP: 19010
BUSINESS PHONE: 6105252300
MAIL ADDRESS:
STREET 1: 801 LANCASTER AVE
CITY: BRYN MAWR
STATE: PA
ZIP: 190103396
4
1
wf-form4_164124218303253.xml
FORM 4
X0306
4
2021-12-31
1
0000802681
BRYN MAWR BANK CORP
BMTC
0001176439
HOLLAND WENDELL F
219 CURWEN ROAD
ROSEMONT
PA
19010
1
0
0
0
Common Stock
2022-01-01
4
M
0
218
0
A
16658
D
Common Stock
2022-01-01
4
M
0
216
0
A
16874
D
Common Stock
2022-01-01
4
M
0
1000
0
A
17874
D
Common Stock
2022-01-01
4
M
0
878
0
A
18752
D
Common Stock
2021-12-31
4
M
0
2405
A
21157
D
Common Stock
2022-01-01
4
D
0
21157
D
0
D
Restricted Stock Units
2022-01-01
4
M
0
218
0
D
Common Stock
218.0
0
D
Restricted Stock Units
2022-01-01
4
M
0
216
0
D
Common Stock
216.0
0
D
Restricted Stock Units
2022-01-01
4
M
0
1000
0
D
Common Stock
1000.0
0
D
Phantom Stock
2021-12-31
4
M
0
2405
0
D
Common Stock
2405.0
0
D
Reflects the full vesting of all outstanding time-based restricted stock units held by the Reporting Person, as contemplated by the respective grant agreements, and that certain Agreement and Plan of Merger entered into as of March 9, 2021 (the "Merger Agreement"), between Bryn Mawr Bank Corporation (the "Issuer") and WSFS Financial Corporation ("WSFS"), pursuant to which the Issuer will merge with and into WSFS (the "Merger"). On December 31, 2021, the closing price of the Issuer was $45.01, and the closing price of WSFS was $50.12.
Reflects the full vesting of all outstanding performance-based restricted stock units held by the Reporting Person, as contemplated by the respective grant agreement, and the Merger Agreement. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. On December 31, 2021, the closing price of the Issuer was $45.01, and the closing price of WSFS was $50.12.
Each share of phantom stock was the economic equivalent of one share of the Issuer's common stock. The shares of phantom stock became payable, in cash, upon the Reporting Person's termination of service as a director in connection with the Merger.
Pursuant to the terms of the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of Issuer's common stock issued and outstanding immediately prior to the Effective Time, subject to certain exceptions, converted into the right to receive, without interest, 0.90 of a share of WSFS common stock.
Each restricted stock unit represents a contingent right to receive one share of BMTC common stock.
Phantom stock was held in Bryn Mawr Bank Corporation Deferred Payment Plan for Directors ("BMBC Plan"). On December 31, 2021, the Reporting Person's holdings in the BMBC Plan became payable and will be distributed in cash in accordance with the BMBC Plan.
/s/ Lori Goldman, Attorney-in-Fact
2022-01-03