Sec Form 4 Filing - Fontaine Thomas J @ Wellesley Bancorp, Inc. - 2019-12-16

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
Fontaine Thomas J
2. Issuer Name and Ticker or Trading Symbol
Wellesley Bancorp, Inc. [ WEBK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President & CEO
(Last) (First) (Middle)
100 WORCESTER STREET, SUITE 300
3. Date of Earliest Transaction (MM/DD/YY)
12/16/2019
(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 12/16/2019 M 13,804 A $ 15.35 28,027 D
Common Stock 12,931.69 I By 401(k) ( 1 )
Common Stock 50 I By Custodian for Daughter
Common Stock 50 I By Custodian for Son
Common Stock 5,735.86 I By ESOP ( 2 )
Common Stock 4,000 I By Stock Award II ( 3 )
Common Stock 3,500 I By Trustee for EJF Family Trust
Common Stock 4,500 I By Trustee for RJF Trust
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) $ 15.35 12/16/2019 M 13,804 ( 1 ) 10/01/2013( 4 ) 10/01/2022 Common Stock 13,804 $ 0 16,285 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Fontaine Thomas J
100 WORCESTER STREET, SUITE 300
WELLESLEY, MA02481
X President & CEO
Signatures
/s/ Thomas J Fontaine 12/18/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Since the reporting person's last report, 10,292.10 shares held indirectly by 401(k) Plan and 30,090 stock options were transferred to the reporting person's former spouse pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities transferred to his former spouse.
( 2 )This Form 4 reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
( 3 )Stock awards granted pursuant to the Wellesley Bancorp, Inc. 2016 Equity Incentive Plan vest in three approximately equal installments commencing on January 1, 2020.
( 4 )Stock options granted pursuant to the Wellesley Bancorp, Inc. 2012 Equity Incentive Plan are fully vested.

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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