Filing Details

Accession Number:
0001140361-17-046505
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-12-18 16:22:51
Reporting Period:
2017-12-13
Accepted Time:
2017-12-18 16:22:51
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1635840 Provident Bancorp Inc. PVBC Savings Institution, Federally Chartered (6035) 453231576
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1647024 P David Mansfield 5 Market Street
Amesbury MA 01913
President And Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2017-12-13 4,255 $23.50 40,389 No 4 S Direct
Common Stock Acquisiton 2017-12-13 3,430 $23.50 3,430 No 4 P Indirect By IRA
Common Stock Acquisiton 2017-12-13 199 $23.35 3,629 No 4 P Indirect By IRA
Common Stock Acquisiton 2017-12-13 100 $23.43 3,729 No 4 P Indirect By IRA
Common Stock Acquisiton 2017-12-13 200 $23.45 3,929 No 4 P Indirect By IRA
Common Stock Acquisiton 2017-12-13 326 $23.00 4,255 No 4 P Indirect By IRA
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 P Indirect By IRA
No 4 P Indirect By IRA
No 4 P Indirect By IRA
No 4 P Indirect By IRA
No 4 P Indirect By IRA
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 15,000 Indirect By 401(k)
Common Stock 1,519 Indirect By Spouse
Common Stock 8,481 Indirect By Spouse joint with children
Common Stock 1,015 Indirect By ESOP
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Options $17.40 2017-11-17 2026-11-17 111,600 111,600 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2026-11-17 111,600 111,600 Direct
Footnotes
  1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on November 17, 2017.
  2. Stock option vest at a rate of 20% per year commencing on November 17, 2017.
  3. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
  4. These purchases were matchable against a sale under Section 16(b) of the Securities Exchange Act of 1934, as amended. Mr. Mansfield has paid the Issuer $210,35, representing the full amount of profit realized in connection with the short-swing transactions. The amount of profit realized includes purchases which occurred on December 13, 2017, which were reported on this Form 4.