Jane L. Lundquist, President and ClerkPort Financial Corp.1380 Soldiers Field RoadBrighton, Massachusetts 02135
...Jane L. Lundquist (6) Director, President and
Under the plan, Mr. Keegan, Ms. Lundquist
and Mr. Jeffrey have unvested restricted stock awards of 42,000, 30,400 and 9,000 shares of common stock, respectively.
...Includes common stock of Port Financial that may be acquired by executive officers and directors of Port Financial pursuant to the exercise of options under the Port Financial 2000 Stock Option Plan within 60 days after March 28, 2003 as follows: (i) Directors Corcoran, Crane, Fleming, Niles and Sucher each may acquire 8,120 shares of common stock; (ii) Director Happ may acquire 4,060 shares of common stock; (iii) Director Russo may acquire 20,300 shares of common stock; and (iv) Mr. Keegan, Ms. Lundquist and Mr. Jeffrey each may acquire 55,600, 22,800 and 16,400 shares of common stock of Port Financial, respectively.
Includes 900 shares held by Ms. Lundquist
as custodian for her
minor children under the Uniform Transfer to Minors Act and 2,395 shares held in Ms. Lundquist's
401(k) Plan and 1,567 shares held in trust pursuant to the ESOP
.Does not include 7,600 shares held in an officer's deferred compensation plan for which Ms. Lundquist
has no voting or investment power.
...Keegan, Jeffrey, Robert Montgomery-Rice and Ms. Lundquist) may be deemed to have sole investment power, except in limited circumstances, thereby causing each committee member to be a beneficial owner of such shares.
...Jane L. Lundquist
...Jane L. Lundquist has been the President and Clerk of Port Financial since 2000 and the President of Cambridgeport Bank since 2002.Prior to holding these positions, she served as the Executive Vice President of Cambridgeport Bank from 1996 to 2002.As President, she is the senior officer responsible for consumer banking, including mortgage lending, consumer lending, branch banking and telebanking.She
also oversees the management of Human Resources, Marketing, Community Relations and Auditing (administrative reporting only).Prior to Port Financial and Cambridgeport Bank, Ms. Lundquist worked at Braxton Associates, a strategic management consulting firm, and at Arthur Andersen LLP.Ms. Lundquist holds a business degree from the University of North Carolina and an MBA from the University of Virginia.