SEC Form 4 · accession 0001209191-18-064195
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
Dec 24, 2018
Accepted (ET)
Dec 27, 2018 · 4:50 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 | Dec 24, 2018 | M | 2,500 | $15.97 | A | 721,880 | D | |
| common stock | Dec 24, 2018 | M | 2,500 | $17.96 | A | 724,380 | D | |
| common stock | Dec 24, 2018 | M | 2,500 | $18.32 | A | 726,880 | D | |
| common stockF1 | holding | — | — | — | 79,826 | I | By spouse as co-trustee of spouse's parents' trusts. | |
| 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 purchaseF2 | $15.97 | Dec 24, 2018 | M | 2,500 | D | — | Jan 22, 2019 | common stock | 2,500 | 0 | D |
| options to purchaseF3 | $17.96 | Dec 24, 2018 | M | 2,500 | D | — | Jan 21, 2020 | common stock | 2,500 | 2,500 | D |
| options to purchaseF4 | $18.32 | Dec 24, 2018 | M | 2,500 | D | — | Jan 21, 2021 | common stock | 2,500 | 5,000 | D |
Explanation of responses
- F1During 2018, filer's spouse obtained investment control over 79,826 shares of ANCX common stock as co-trustee of spouse's parents' trusts.
- F2The option vested 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.
- F3The 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.
- F4The option vests in four equal installments as follows: 25% on 01/21/2017; 25% on 01/21/2018; 25% on 01/21/2019; and 25% on 01/21/2020.