SEC Form 4 · accession 0001225208-16-028455
Cordia Bancorp Inc · BVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter W Grieve
Officer — Chairman · Director · 10% Owner
Period of report
Feb 24, 2016
Accepted (ET)
Feb 26, 2016 · 5:05 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 | Feb 24, 2016 | A | 2,325 | $0.00 | A | 2,325 | I | By Stock Award |
| Common Stock | holding | — | — | — | 237,407 | D | ||
| Founders' SharesF2 | holding | — | — | — | 184,000 | D | ||
| Common Stock | holding | — | — | — | 170,000 | I | By IRA | |
| Common Stock | holding | — | — | — | 10,000 | I | By Trust |
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 vest in twelve equal installments on the 24th day of each month during the year ending December 31, 2016, with the vesting of the first two installments occurring immediately on 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.