The surrender of these shares is for tax withholding purposes in conjunction with the vesting of restricted shares held by the reporting person.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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Other recent filings from the company include the following:
Current report, items 7.01 and 9.01 - Feb. 24, 2015
Statement of acquisition of beneficial ownership by individuals - Feb. 5, 2015
LNB Bancorp's President and CEO just disposed of 8,729 shares - Feb. 2, 2015