Home > Insider Trading > Filing (0001181431-11-000462)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
811831	Northeast Bancorp	NBN	State Commercial Banks (6022)	010425066

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1440456	Heather Campion	C/O Northeast Bancorp 500 Canal Street Lewiston ME 04240	Chief Administrative Officer	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
Voting Common Stock	Acquisiton	2010-12-29	35,894	$13.93	35,894	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Voting Common Stock	Stock Option (Right to Buy)	Acquisiton	2010-12-29	59,404	$0.00	59,404	$13.93
Voting Common Stock	Stock Option (Right to Buy)	Acquisiton	2010-12-29	59,404	$0.00	59,404	$13.93

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
59,404		2020-12-29	No	4	A	Direct
59,404		2020-12-29	No	4	A	Direct

Footnotes

The stock option becomes exercisable in five equal annual installments, commencing on December 29, 2011.
Each of these stock options shall become exercisable in three equal tranches based upon the price of the Company's Voting Common Stock exceeding the applicable hurdle price for at least 50 of the previous 75 consecutive trading days (such 50th day, the "Determination Date"), but only after and for so long as the most recent annual assessment of the Company's internal controls completed prior to the applicable Determination Date has concluded that the Company maintained effective internal control over financial reporting (subject to auditor verification, if applicable). The applicable hurdle price for the first tranche of exercisability is: prior to the fifth anniversary of the grant date, $27.86; between the fifth and sixth anniversaries of the grant date, $31.34; and between the sixth and seventh anniversaries of the grant date, $34.83. (Continued in footnote 3).
The applicable hurdle price for the second tranche of exercisability is: prior to the sixth anniversary of the grant date, $31.34; and between the sixth and seventh anniversaries of the grant date, $34.83. The applicable hurdle price for the third tranche of exercisability is, prior to the seventh anniversary of the grant date, $34.83.