SEC Form 4 · accession 0001209191-17-005575
ACCESS NATIONAL CORP · ANCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael W Clarke
Officer — President, CEO · Director
Period of report
Jan 23, 2017
Accepted (ET)
Jan 25, 2017 · 5:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001176316
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stock | Jan 23, 2017 | M | 2,500 | $9.24 | A | 702,030 | D | |
| common stock | Jan 23, 2017 | M | 2,500 | $15.21 | A | 704,530 | D | |
| common stock | Jan 23, 2017 | M | 2,500 | $16.22 | A | 707,030 | D | |
| common stock | Jan 23, 2017 | M | 2,500 | $15.97 | A | 709,530 | D | |
| common stock | Jan 23, 2017 | M | 2,500 | $17.96 | A | 712,030 | D | |
| common stock | holding | — | — | — | 92,224 | I | By spouse. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| options to purchaseF1 | $9.24 | Jan 23, 2017 | M | 2,500 | D | — | Jan 31, 2017 | common stock | 2,500 | 0 | D |
| options to purchaseF2 | $15.21 | Jan 23, 2017 | M | 2,500 | D | — | Jan 28, 2018 | common stock | 2,500 | 2,500 | D |
| options to purchaseF3 | $16.22 | Jan 23, 2017 | M | 2,500 | D | — | Mar 15, 2018 | common stock | 2,500 | 2,500 | D |
| options to purchaseF4 | $15.97 | Jan 23, 2017 | M | 2,500 | D | — | Jan 22, 2019 | common stock | 2,500 | 5,000 | D |
| options to purchaseF5 | $17.96 | Jan 23, 2017 | M | 2,500 | D | — | Jan 21, 2020 | common stock | 2,500 | 7,500 | D |
Explanation of responses
- F1The option vests in four equal installments as follows: 25% on 01/31/2013; 25% on 01/31/2014; 25% on 01/31/2015; and 25% on 01/31/2016.
- F2The option vests in four equal installments as follows: 25% on 01/28/2014; 25% on 01/28/2015; 25% on 01/28/2016; and 25% on 01/28/2017.
- F3The option vests in four equal installments as follows: 25% on 03/15/2014; 25% on 03/15/2015; 25% on 03/15/2016; and 25% on 03/15/2017.
- F4The option vests in four equal installments as follows: 25% on 01/22/2015; 25% on 01/22/2016; 25% on 01/22/2017; and 25% on 01/22/2018.
- F5The option vests in four equal installments as follows: 25% on 01/21/2016; 25% on 01/21/2017; 25% on 01/21/2018; and 25% on 01/21/2019.