SEC Form 4 · accession 0001340385-15-000005
SMARTFINANCIAL INC. · SMBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank S McDonald
Director
Period of report
Sep 30, 2015
Accepted (ET)
Oct 16, 2015 · 5:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001038773
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 30, 2015 | A | 513 | $0.00 | A | 3,815 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $15.05 | Sep 30, 2015 | A | 1,025 | A | Sep 30, 2017 | Sep 30, 2025 | Common Stock | 1,025 | 8,188 | D |
Explanation of responses
- F1On August 31, 2015, the Company effected a 1-for-4 reverse stock split of its common stock, with fractional shares being rounded up to the next whole share. Shares reported as being owned beneficially in this Form 4 have been adjusted for the reverse stock split.
- F2The stock option vests as follows: 50% on the second anniversary of the date of the grant and 50% on the third anniversary of the date of the grant.