SEC Form 4 · accession 0001325670-16-000050
Primis Financial Corp. · FRST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Georgia S Derrico
Officer — Chairman of the Board
R Roderick Porter
Officer — President
Period of report
Jan 28, 2016
Accepted (ET)
Jan 29, 2016 · 11:35 am 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 |
|---|---|---|---|---|---|---|---|---|
| Southern National Bancorp of Virginia Common StockF1 | Jan 28, 2016 | P | 3,822 | $13.0502 | A | 357,524 | D | |
| Southern National Bancorp of Virginia Common StockF2 | holding | — | — | — | 750 | D | ||
| Southern National Bancorp of Virginia Common StockF3 | holding | — | — | — | 105,375 | I | By IRA | |
| Southern National Bancorp of Virginia Common StockF4 | holding | — | — | — | 45,235 | I | By IRA | |
| Southern National Bancorp of Virginina Common StockF5 | holding | — | — | — | 11,141 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (Right to Buy)F6 | $9.09 | holding | — | — | — | Oct 21, 2004 | Apr 14, 2017 | Common Stock | 16,500 | 16,500 | D |
| Employee Stock Option (Right to Buy)F7 | $9.20 | holding | — | — | — | Jan 23, 2009 | Jan 23, 2018 | Common Stock | 20,000 | 20,000 | D |
| Employee Stock Option (Right to Buy)F8 | $5.50 | holding | — | — | — | Jan 27, 2010 | Jan 27, 2019 | Common Stock | 22,000 | 42,000 | D |
| Employee Stock Option (Right to Buy)F9 | $8.02 | holding | — | — | — | Jul 29, 2010 | Jul 29, 2019 | Common Stock | 10,000 | 52,000 | D |
| Employee Stock Option (Right to Buy)F10 | $7.04 | holding | — | — | — | Jul 27, 2011 | Jul 27, 2020 | Common Stock | 10,000 | 62,000 | D |
| Employee Stock Option (Right to Buy)F11,F12 | $7.20 | holding | — | — | — | Mar 21, 2012 | Mar 21, 2021 | Common Stock | 40,000 | 102,000 | D |
| Employee Stock Option (Right to Buy)F13,F14 | $7.92 | holding | — | — | — | Dec 5, 2013 | Dec 5, 2022 | Common Stock | 40,000 | 142,000 | D |
| Employee Stock Option (Right to Buy)F15,F16 | $9.14 | holding | — | — | — | Jun 21, 2014 | Jun 21, 2023 | Common Stock | 40,000 | 182,000 | D |
| Employee Stock Option (Right to Buy)F17,F18 | $10.47 | holding | — | — | — | Jul 22, 2015 | Jul 22, 2024 | Common Stock | 48,000 | 230,000 | D |
| Employee Stock Option (Right to Buy)F19,F20 | $11.43 | holding | — | — | — | Jun 19, 2016 | Jun 19, 2025 | Common Stock | 48,000 | 278,000 | D |
Explanation of responses
- F1These shares are owned jointly. Georgia S. Derrico and R. Roderick Porter are married.
- F10These options are owned as follows: 5000 by Georgia S. Derrico and 5000 by R. Roderick Porter.
- F11These options are exercisable as follows: 8000 on 3/21/2012, 8000 on 3/21/2013, 8000 on 3/21/2014, 8000 on 3/21/2015, 8000 on 3/21/2016.
- F12These options are owned as follows: 20000 by Georgia S. Derrico and 20000 by R. Roderick Porter.
- F13These options are exercisable as follows: 8000 on 12/5/2013, 8000 on 12/5/2014, 8000 on 12/5/2015, 8000 on 12/5/2016, 8000 on 12/5/2017.
- F14These options are owned as follows: 20000 by Georgia S. Derrico and 20000 by R. Roderick Porter.
- F15These options are exercisable as follows: 8000 on 6/21/2014, 8000 on 6/21/2015, 8000 on 6/21/2016, 8000 on 6/21/2017, 8000 on 6/21/2018.
- F16These options are owned as follows: 20000 by Georgia S. Derrico and 20000 by R. Roderick Porter.
- F17These options are exercisable as follows: 9600 on 7/22/2015, 9600 on 7/22/2016, 9600 on 7/22/2017, 9600 on 7/22/2018, 9600 on 7/22/2019.
- F18These options are owned as follows: 24000 by Georgia S. Derrico and 24000 by R. Roderick Porter.
- F19These options are exercisable as follows: 9600 on 6/19/2016, 9600 on 6/19/2017, 9600 on 6/19/2018, 9600 on 6/19/2019, 9600 on 6/19/2020.
- F2These shares are owned by Georgia S. Derrico.
- F20These options are owned as follows: 24000 by Georgia S. Derrico and 24000 by R. Roderick Porter.
- F3These shares are held in an IRA by Georgia S. Derrico.
- F4These shares are held in an IRA by R. Roderick Porter.
- F5These shares are held in a 401k plan as follows: 5557 by Georgia S. Derrico and 5584 by R. Roderick Porter.
- F6These warrants are owned as follows: 8250 by Georgia S. Derrico and 8250 by R. Roderick Porter.
- F7These options are owned as follows: 10000 by Georgia S. Derrico and 10000 by R. Roderick Porter.
- F8These options are owned as follows: 11000 by Georgia S. Derrico and 11000 by R. Roderick Porter.
- F9These options are owned as follows: 5000 by Georgia S. Derrico and 5000 by R. Roderick Porter.