SEC Form 4 · accession 0001209191-19-005209
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, 2019
Accepted (ET)
Jan 24, 2019 · 5:52 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, 2019 | M | 2,500 | $17.96 | A | 729,380 | D | |
| common stock | Jan 23, 2019 | M | 2,500 | $18.32 | A | 731,880 | D | |
| common stock | holding | — | — | — | 92,224 | I | By spouse. | |
| common stock | holding | — | — | — | 79,826 | I | By spouse as Co-Trustee of spouse's parents' trusts |
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 | $17.96 | Jan 23, 2019 | M | 2,500 | D | — | Jan 21, 2020 | common stock | 2,500 | 0 | D |
| options to purchaseF2 | $18.32 | Jan 23, 2019 | M | 2,500 | D | — | Jan 21, 2021 | common stock | 2,500 | 2,500 | D |
Explanation of responses
- F1The option vested 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.
- F2The 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.