SEC Form 4 · accession 0001437749-18-020964
HomeTown Bankshares Corp · HMTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susan King Still
Officer — President & CEO · Director
Period of report
Nov 13, 2018
Accepted (ET)
Nov 15, 2018 · 5:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001461640
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1 | $6.90 | Nov 13, 2018 | D | 10,000 | D | — | Dec 18, 2024 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1On October 1, 2018, the Company and American National Bankshares, Inc. ("American National") announced a definitive agreement to combine in a strategic merger (the "Merger Agreement") pursuant to which the Company will merge with and into American National (the "Merger"). Pursuant to the Merger Agreement, the option, whether vested or unvested, was cancelled in exchange for a cash payment of $78,800, which represents the difference between closing stock price of $14.78 on November 13, 2018 and the exercise price of $6.90 per share. The option awards are exercisable one-fifth per year beginning 12/18/2015.