Statement of Changes in Beneficial Ownership (4)
17 November 2021 - 09:10AM
Edgar (US Regulatory)
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 OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Silodor Deborah |
2. Issuer Name and Ticker or Trading Symbol
Amalgamated Financial Corp.
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AMAL
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP & General Counsel |
(Last)
(First)
(Middle)
275 SEVENTH AVE. |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/11/2021 |
(Street)
NEW YORK, NY 10001
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 11/11/2021 | 11/11/2021 | M | | 103660 | A | $12 | 106061 (1) | D | |
Class A Common Stock | 11/11/2021 | | F | | 82860 | D | $19.51 | 23201 | D | |
Class A Common Stock | 11/11/2021 | | S | | 13171 | D | $19.59 (2) | 10030 | D | |
Class A Common Stock | 11/12/2021 | | S | | 4483 | D | $19.22 (3) | 5547 | D | |
Class A Common Stock | 11/15/2021 | | S | | 367 | D | $19.03 (4) | 5180 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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 |
Employee Stock Option (right to buy) | $12 | 11/11/2021 | 11/11/2021 | M | | 38520 (1) | | 11/11/2021 | 1/1/2026 | Common Stock | 38520 | $0 | 40921 | D | |
Employee Stock Option (right to buy) | $13.75 | 11/11/2021 | | M | | 33620 | | 11/11/2021 | 1/1/2026 | Common Stock | 33620 (1) | $0 | 74541 | D | |
Employee Stock Option (right to buy) | $14.65 | 11/11/2021 | | M | | 31520 (1) | | 11/11/2021 | 1/1/2028 | Common Stock | 31520 | $0 | 106061 | D | |
Explanation of Responses: |
(1) | This represents three tranches of options: (i) 38520, vesting in three tranches beginning on January 1, 2016 at $12, (ii) 33620 vesting in three tranches beginning on January 1, 2017 at $13.75, (iii) 31520 vesting in three tranches beginning on January 1, 2018 at $14.65. |
(2) | The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.40- $19.89 inclusive. The reporting person undertakes to provide to AMAL, any security holder of AMAL, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price in any of the numbers presented as a weighted average. |
(3) | The price in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $19.15-$19.47. |
(4) | The price in Column 4 is a weighted average price. The shares were sold in multiple tranches at prices ranging from $19.12-$19, inclusive. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Silodor Deborah 275 SEVENTH AVE. NEW YORK, NY 10001 |
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| EVP & General Counsel |
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Signatures
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/s/ Deborah Silodor | | 11/16/2021 |
**Signature of Reporting Person | Date |
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