SEC Form 4 · accession 0001144204-19-003098
Primis Financial Corp. · FRST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Georgia S Derrico
Officer — Executive Chairman
R Roderick Porter
Officer — Vice Chairman
Period of report
Jan 24, 2019
Accepted (ET)
Jan 28, 2019 · 3:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001325670
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 24, 2019 | P$0 | 20,000 | $0.00 | A | 479,224 | D | |
| Common StockF3 | holding | — | — | — | 750 | D | ||
| Common StockF4 | holding | — | — | — | 105,375 | I | By IRA | |
| Common StockF5 | holding | — | — | — | 45,235 | I | By IRA | |
| Common StockF6 | holding | — | — | — | 15,137 | I | By 401k Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F7 | $7.04 | holding | — | — | — | Jul 27, 2011 | Jul 27, 2020 | Common Stock | 10,000 | 10,000 | D |
| Employee Stock Option (Right to Buy)F8 | $7.20 | holding | — | — | — | Mar 21, 2012 | Mar 21, 2021 | Common Stock | 40,000 | 50,000 | D |
| Employee Stock Option (Right to Buy)F9 | $7.92 | holding | — | — | — | Dec 5, 2013 | Dec 5, 2022 | Common Stock | 40,000 | 90,000 | D |
| Employee Stock Option (Right to Buy)F10 | $9.14 | holding | — | — | — | Jun 21, 2014 | Jun 21, 2023 | Common Stock | 40,000 | 130,000 | D |
| Employee Stock Option (Right to Buy)F11,F12 | $10.47 | holding | — | — | — | Jul 22, 2015 | Jul 22, 2024 | Common Stock | 48,000 | 178,000 | D |
| Employee Stock Option (Right ti Buy)F13,F14 | $11.43 | holding | — | — | — | Jun 19, 2016 | Jun 19, 2025 | Common Stock | 48,000 | 226,000 | D |
| Employee Stock Option (Right to Buy)F15,F16 | $11.99 | holding | — | — | — | Jun 16, 2017 | Jun 16, 2026 | Common Stock | 48,000 | 274,000 | D |
Explanation of responses
- F1Award of restricted stock which vests in 5 annual installments beginning January 24, 2020. Owned as follows: 10,000 by Georgia S. Derrico and 10,000 by R. Roderick Porter
- F10These options are owned as follows: 20,000 by Georgia S. Derrico and 20,000 by R. Roderick Porter
- F11These options are exercisable as follows: 9600 on 7/22/15, 9600 on 7/22/16, 9600 on 7/22/17, 9600 on 7/22/18, 9600 on 7/22/19
- F12These options are owned as follows: 24,000 by Georgia S. Derrico and 24,000 by R. Roderick Porter
- F13These options are exercisable as follows: 9600 on 6/19/16, 9600 on 6/19/17, 9600 on 6/19/18, 9600 on 6/19/19, 9600 on 6/19/20
- F14These options are owned as follows: 24,000 by Georgia S. Derrico and 24,000 by R. Roderick Porter
- F15These options are exercisable as follows: 9600 on 6/16/17, 9600 on 6/16/18, 9600 on 6/16/19, 9600 on 6/16/20, 9600 on 6/16/21
- F16These options are owned as follows: 24,000 by Georgia S. Derrico and 24,00 by R Roderick Porter
- F2These shares are owned jointly. Georgia S. Derrico and R. Roderick Porter are married.
- F3These shares are owned by Georgia S. Derrico
- F4These shares are held in an IRA owned by Georgia S. Derrico
- F5These shares are held in an IRA owned by R. Roderick Porter
- F6These shares are held in a 401k plan as follows: 7,542 by Georgia S. Derrico and 7,595 by R. Roderick Porter
- F7These options are owned as follows: 5,000 by Georgia S. Derrico and 5,000 by R. Roderick Porter
- F8These options are owned as follows: 20,000 by Georgia S. Derrico and 20,000 by R. Roderick Porter
- F9These options are owned as follows: 20,000 by Georgia S. Derrico and 20,000 by R. Roderick Porter