SEC Form 4 · accession 0001437749-16-038225
Oak Valley Bancorp · OVLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
H Randolph Holder Jr.
Director
Period of report
Aug 26, 2016
Accepted (ET)
Aug 30, 2016 · 6:48 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001431567
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 26, 2016 | P | 10,000 | $10.00 | A | 51,434 | I | By Holder Enterprises, LLC |
| Common StockF2,F3,F4 | Aug 29, 2016 | A | 5,000 | $9.91 | A | 56,434 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares reported in Box 5 are the total shares owned by the Holder Enterprises, LLC. Mr. Holder disclaims beneficial ownership of the securities held by the LLC, except to the extent of his pecuniary interest in the securities (i.e., he owns 25% of the LLC).
- F2Initial award of restricted stock to director pursuant to Stock Incentive Plan.
- F3Each restricted stock share that is unvested is subject to certain restrictions on disposition as well as certain forfeiture rights, which will lapse upon vesting.
- F4The restricted stock will vest as follows: Vesting Date: Shares Vested: 08/29/2017 1000 08/29/2018 1000 08/29/2019 1000 08/29/2020 1000 08/29/2021 1000