SEC Form 4 · accession 0001140361-17-016204
CARDINAL FINANCIAL CORP · CFNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alice P Frazier
Officer — Chief Operating Officer
Period of report
Apr 18, 2017
Accepted (ET)
Apr 19, 2017 · 6:11 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 | Apr 18, 2017 | M | 20,000 | $11.74 | A | 37,676 | D | |
| Common Stock | Apr 18, 2017 | M | 27,000 | $16.58 | A | 64,676 | D | |
| Common Stock | Apr 18, 2017 | M | 27,000 | $16.54 | A | 91,676 | D | |
| Common Stock | Apr 18, 2017 | M | 16,000 | $20.05 | A | 107,676 | D | |
| Common Stock | Apr 18, 2017 | M | 1,333 | $19.18 | A | 109,009 | D | |
| Common Stock | Apr 18, 2017 | S | 91,333 | $27.9039 | D | 17,676 | 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 | Apr 18, 2017 | M | 20,000 | D | — | Jan 26, 2021 | Common Stock | 20,000 | 0 | D |
| Stock OptionF2 | $16.58 | Apr 18, 2017 | M | 27,000 | D | — | Feb 13, 2023 | Common Stock | 27,000 | 0 | D |
| Stock OptionF3 | $16.54 | Apr 18, 2017 | M | 27,000 | D | — | Feb 19, 2024 | Common Stock | 27,000 | 0 | D |
| Stock OptionF4 | $20.05 | Apr 18, 2017 | M | 16,000 | D | — | Mar 18, 2025 | Common Stock | 16,000 | 0 | D |
| Stock OptionF5 | $19.18 | Apr 18, 2017 | M | 1,333 | D | — | Feb 16, 2026 | Common Stock | 1,333 | 667 | D |
Explanation of responses
- F1The stock options vested 20% per year beginning on January 26, 2012.
- 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.