SEC Form 4 · accession 0001225208-15-021734
Cordia Bancorp Inc · BVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raymond H Smith Jr.
Director
Period of report
Dec 1, 2015
Accepted (ET)
Dec 3, 2015 · 4:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001466292
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 1, 2015 | A | 2,278 | $0.00 | A | 61,851 | D | |
| Founders' SharesF2 | holding | — | — | — | 63,750 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a grant of restricted stock under the Cordia Bancorp Inc. 2011 Stock Incentive Plan. Shares became fully vested on December 1, 2015, the date of grant.
- F2Founders shares are eligible for performance-based vesting based on the achievement of certain asset size thresholds and performance measures. Any shares for which such asset size thresholds have not been met by 10/6/2016 will be forfeited. The reporting person may not exercise any voting rights or other rights of a shareholder unless the asset size and performance measures have been satisfied.