Sec Form 4 Filing - Crosier Louis P @ Wellesley Bancorp, Inc. - 2019-12-09

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Crosier Louis P
2. Issuer Name and Ticker or Trading Symbol
Wellesley Bancorp, Inc. [ WEBK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President of Subsidiary
(Last) (First) (Middle)
100 WORCESTER STREET, SUITE 300
3. Date of Earliest Transaction (MM/DD/YY)
12/09/2019
(Street)
WELLESLEY, MA02481
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/09/2019 M 10,000 A $ 19 16,800 D
Common Stock 12/09/2019 M 6,400 A $ 19.14 23,200 ( 1 ) D
Common Stock 1,893.31 I By ESOP ( 2 )
Common Stock 400 ( 3 ) I By Stock Award II ( 4 )
Common Stock 800 ( 5 ) I By Stock Award III ( 6 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (right to buy) $ 19 12/09/2019 M 10,000 10/01/2015( 7 ) 10/01/2024 Common Stock 10,000 $ 0 0 D
Stock Options (right to buy) $ 19.14 12/09/2019 M 6,400 10/01/2016( 8 ) 10/01/2025 Common Stock 6,400 $ 0 1,600 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Crosier Louis P
100 WORCESTER STREET, SUITE 300
WELLESLEY, MA02481
President of Subsidiary
Signatures
Edward G. Olifer, Power of Attorney 12/10/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Since the reporting person's last report 2,400 shares held by Stock Award, 1,600 shares held by Stock Award II and 1,200 shares held by Stock Award II have vested and are now held directly.
( 2 )This Form 4 reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
( 3 )1,600 shares previously held by Stock Award II have vested and are now owned directly.
( 4 )Stock Awards II granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five approximately equal installments commencing on October 1, 2016.
( 5 )1,200 shares previously held by Stock Award III have vested and are now owned directly.
( 6 )Stock Awards III granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five approximately equal installments commencing on October 1, 2017.
( 7 )Stock options granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five approximately equal installments commencing on October 1, 2015.
( 8 )Stock options granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan vest in five approximately equal installments commencing on October 1, 2016.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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