Filing Details

Accession Number:
0001225208-11-016906
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-06-30 15:50:14
Reporting Period:
2011-06-29
Filing Date:
2011-06-30
Accepted Time:
2011-06-30 15:50:14
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1493552 Naugatuck Valley Financial Corp NVSL Savings Institution, Federally Chartered (6035) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1296141 R Lee Schlesinger 333 Church Street
Naugatuck CT 06770
Svp & Cfo No 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 Acquisiton 2011-06-29 7,079 $0.00 7,079 No 4 J Direct
Common Stock Acquisiton 2011-06-29 1,250 $8.00 8,329 No 4 P Direct
Common Stock Acquisiton 2011-06-29 2,490 $0.00 2,490 No 4 J Indirect By 401(k)
Common Stock Acquisiton 2011-06-29 2,898 $0.00 2,898 No 4 J Indirect By ESOP
Common Stock Acquisiton 2011-06-29 1,995 $0.00 1,995 No 4 J Indirect By IRA
Common Stock Acquisiton 2011-06-29 1,250 $8.00 3,245 No 4 P Indirect By IRA
Common Stock Acquisiton 2011-06-29 1,197 $0.00 1,197 No 4 J Indirect By Stock Award II
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 J Direct
No 4 P Direct
No 4 J Indirect By 401(k)
No 4 J Indirect By ESOP
No 4 J Indirect By IRA
No 4 P Indirect By IRA
No 4 J Indirect By Stock Award II
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (right to buy) Acquisiton 2011-06-29 8,980 $0.00 8,980 $11.12
Common Stock Stock Option (right to buy) Acquisiton 2011-06-29 1,995 $0.00 1,995 $11.12
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
8,980 2006-07-26 2015-07-26 No 4 J Direct
1,995 2008-12-18 2015-07-26 No 4 J Direct
Footnotes
  1. Pursuant to the Amended and Restated Plan of Conversion and Reorganization of Naugatuck Valley Mutual Holding Company, each share of common stock of Naugatuck Valley Financial Corporation (Federal corporation) was exchanged for 0.9978 share of common stock of Naugatuck Valley Financial Corporation (Maryland corporation).
  2. Stock Awards granted pursuant to the Naugatuck Valley Financial Corporation 2005 Equity Incentive Plan vest in five equal annual installments commencing on December 18, 2008.
  3. Pursuant to the Amended and Restated Plan of Conversion and Reorganization of Naugatuck Valley Mutual Holding Company, each option to purchase shares of common stock of Naugatuck Valley Financial Corporation (Federal corporation) was converted into an option to purchase shares of common stock of Naugatuck Valley Financial Corporation (Maryland corporation) by multiplying the number of shares subject to each option by the 0.9978 exchange ratio, rounded down to the nearest share. The exercise price per share of each converted option was determined by dividing the exercise price of the option by the 0.9978 exchange ratio. All such converted options continue to vest based on their original terms.
  4. Stock Options granted pursuant to the Naugatuck Valley Financial Corporation 2005 Equity Incentive Plan are fully vested and exercisable.
  5. Stock Options granted pursuant to the Naugatuck Valley Financial Corporation 2005 Equity Incentive Plan vest in five equal annual installments commencing on December 18, 2008.