SEC Form 4 · accession 0001140361-16-078203
CARDINAL FINANCIAL CORP · CFNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher W Bergstrom
Officer — President and CEO
Period of report
Aug 26, 2016
Accepted (ET)
Aug 30, 2016 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001060523
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 26, 2016 | S | 1,162 | $26.0561 | D | 0 | I | By Spouse |
| Common Stock | Aug 29, 2016 | M | 13,500 | $11.74 | A | 97,476 | D | |
| Common Stock | Aug 29, 2016 | M | 27,000 | $16.58 | A | 124,476 | D | |
| Common Stock | Aug 29, 2016 | M | 27,000 | $16.54 | A | 151,476 | D | |
| Common Stock | Aug 29, 2016 | M | 10,665 | $20.05 | A | 162,141 | D | |
| Common Stock | Aug 29, 2016 | M | 1,666 | $19.18 | A | 163,807 | D | |
| Common Stock | Aug 29, 2016 | S | 79,831 | $26.5045 | D | 83,976 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $11.74 | Aug 29, 2016 | M | 13,500 | D | — | Jan 26, 2021 | Common Stock | 13,500 | 0 | D |
| Stock OptionF2 | $16.58 | Aug 29, 2016 | M | 27,000 | D | — | Feb 13, 2023 | Common Stock | 27,000 | 0 | D |
| Stock OptionF3 | $16.54 | Aug 29, 2016 | M | 27,000 | D | — | Feb 19, 2024 | Common Stock | 27,000 | 0 | D |
| Stock OptionF4 | $20.05 | Aug 29, 2016 | M | 10,665 | D | — | Mar 18, 2025 | Common Stock | 10,665 | 5,335 | D |
| Stock OptionF5 | $19.18 | Aug 29, 2016 | M | 1,666 | D | — | Feb 16, 2026 | Common Stock | 1,666 | 3,334 | D |
Explanation of responses
- F1The option, representing a right to purchase a total of 20,000 shares, became exercisable in five annual installments beginning on January 26, 2012, which was the first anniversary of the date on which the option was granted.
- F2The stock options vested as follows: 25% on February 13, 2013 and 25% on the anniversary date of the grant for three years.
- F3The stock options vested as follows: 1/3 on February 19, 2014 and 1/3 on the anniversary date of the grant for two years.
- F4The stock options vested as follows: 1/3 on March 18, 2015 and 1/3 on the anniversary date of the grant for two years.
- F5The stock options vested as follows: 1/3 on February 16, 2016 and 1/3 on the anniversary date of the grant for two years.