SEC Form 4 · accession 0001209191-17-025019
ACCESS NATIONAL CORP · ANCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mary Leigh McDaniel
Director
Period of report
Apr 1, 2017
Accepted (ET)
Apr 4, 2017 · 5:03 pm EDT
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 stockF1 | Apr 1, 2017 | A | 5,465 | — | A | 5,465 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Received in exchange for 4,105 shares of Middleburg Financial Corporation ("Middleburg") common stock in connection with the merger of Middleburg with and into Access National Corporation ("Access") effective April 1, 2017 (the "Merger"), and includes 523 shares of Access common stock received in exchange for 400 shares of Middleburg restricted stock that vested in connection with the Merger. At the effective time of the Merger at 12:01 a.m. on April 1, 2017, each outstanding share of Middleburg converted into the right to receive 1.3314 shares of Access common stock. On March 31, 2017, the last trading day before the effective date of the Merger, the closing price of Middleburg's common stock was $40.04 per share and the closing price of Access's common stock was $30.02 per share. All fractional share holdings were paid in cash.