Daniels Michael E's Form 4 filing
Nicolet Bankshares IncNIC · filed Nov 8, 2023
- Accession no.
- 0001127602-23-027071
- Filed
- Nov 8, 2023
- Trade date
- Nov 6-7, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 6 non-derivative transactions and 2 derivative transactions. Open-market sales total $1.69M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Daniels Michael ECIK 0001243706 | Director, Officer (President & CEO) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 6, 2023 | Common Stock | MOption exerciseAcquired | +21,064 | $48.85 | +$1,028,976.4 | 103,877 | Direct | |
| Nov 6, 2023 | Common Stock | SSaleDisposed | −19,572 | $74.12F1 | −$1,450,676.64 | 84,305 | Direct | |
| Nov 6, 2023 | Common Stock | SSaleDisposed | −1,492 | $75.48F2 | −$112,616.16 | 82,813 | Direct | |
| Nov 7, 2023 | Common Stock | MOption exerciseAcquired | +1,731 | $48.85 | +$84,559.35 | 84,544 | Direct | |
| Nov 7, 2023 | Common Stock | SSaleDisposed | −1,631 | $74.05 | −$120,775.55 | 82,913 | Direct | |
| Nov 7, 2023 | Common Stock | SSaleDisposed | −100 | $74.09 | −$7,409 | 82,813 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 6, 2023 | Common Stock | MOption exerciseDisposed | −21,064 | $0.00 | $0 | 203,936 | Direct | |
| Nov 7, 2023 | Common Stock | MOption exerciseDisposed | −1,731 | $0.00 | $0 | 202,205 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $74.05 to $74.65, inclusive. Mr. Daniels undertakes to provide to Nicolet Bankshares, Inc., any security holder of Nicolet Bankshares, Inc., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F2
The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $75.35 to $75.7725, inclusive. Mr. Daniels undertakes to provide to Nicolet Bankshares, Inc., any security holder of Nicolet Bankshares, Inc., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
Referenced by the price of 1 transaction in Table I.
Remarks
Mr. Daniels is currently effectuating certain actions as part of his estate planning process, and may elect to exercise 100,000 fully vested non-qualified stock options through broker-assisted cashless exercises for these estate planning purposes. Mr. Daniels anticipates having 125,000 remaining fully vested non-qualified stock options available from his original grant of 225,000 shares dated May 16, 2017, after the broker-assisted cashless exercises are complete.