SEC Form 4 · accession 0001290476-16-000055
Village Bank & Trust Financial Corp. · VBFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raymond E Sanders
Officer — EVP/COO
Period of report
May 9, 2016
Accepted (ET)
May 11, 2016 · 5:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001290476
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | May 9, 2016 | A | 506 | — | A | 10,409 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ISO | $25.28 | holding | — | — | — | Jul 15, 2016 | Jul 15, 2023 | Common Stock | 313 | 313 | D |
| ISO | $25.76 | holding | — | — | — | Sep 26, 2015 | Sep 26, 2023 | Common Stock | 250 | 250 | D |
Explanation of responses
- F1Shares issued following vesting of performance-based restricted stock units.
- F2The reporting person had vested performance-based restricted stock units settled in shares of common stock par value $4.00 of Village Bank and Trust Financial Corp. (the "Company").
- F3Of which, 1453 shares are held as unvested restricted stock awards (time-based).