SEC Form 4 · accession 0001652714-15-000002
SMARTFINANCIAL INC. · SMBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory L. Davis
Officer — Chief Lending Officer and EVP
Period of report
Aug 31, 2015
Accepted (ET)
Sep 10, 2015 · 7:16 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 | Aug 31, 2015 | J | 22,670 | — | A | 22,670 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Management Stock OptionF2 | $9.52 | Aug 31, 2015 | J | 21,000 | A | Feb 22, 2007 | Feb 22, 2017 | Common Stock | 21,000 | 21,000 | D |
| Management Stock OptionF3 | $10.48 | Aug 31, 2015 | J | 5,361 | A | Jun 24, 2010 | Jun 24, 2020 | Common Stock | 5,361 | 5,361 | D |
Explanation of responses
- F1Received in exchange for 21,590 shares of SmartFinancial, Inc. common stock in connection with the merger (the "Merger") of SmartFinancial, Inc. ("Legacy SmartFinancial") with and into Cornerstone Bancshares, Inc. (now renamed "SmartFinancial, Inc."). On August 31, 2015, the closing price of SmartFinancial, Inc.'s common stock was $3.85.
- F2Received in the Merger in exchange for a stock option to acquire 20,000 shares of Legacy SmartFinancial common stock for $10.00 per share.
- F3Received in the Merger in exchange for a stock option to acquire 5,106 shares of Legacy SmartFinancial common stock for $11.00 per share.