SEC Form 4 · accession 0001225208-16-038638
Cordia Bancorp Inc · BVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roy I Barzel
Officer — EVP/Chief Credit Off-BOVA
Period of report
Aug 31, 2016
Accepted (ET)
Sep 1, 2016 · 9:11 am EDT
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 | Aug 31, 2016 | D | 771 | $0.00 | D | 0 | D | |
| Common StockF1 | Aug 31, 2016 | D | 9,853 | $0.00 | D | 0 | I | By IRA |
| Common StockF1 | Aug 31, 2016 | D | 40,000 | $0.00 | D | 0 | I | Restricted Stock |
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)F2 | $5.35 | Aug 31, 2016 | D | 5,312 | D | Mar 27, 2014 | Mar 27, 2023 | Common Stock | 5,312 | 0 | D |
| Stock Option (right to buy)F2 | $11.295 | Aug 31, 2016 | D | 5,312 | D | Aug 24, 2012 | Aug 24, 2021 | Common Stock | 5,312 | 0 | D |
Explanation of responses
- F1Pursuant to the Agreement and Plan of Merger, dated as of May 19, 2016, by and among Cordia Bancorp Inc., Bank of Virginia, First-Citizens Bank & Trust Company, and FC Merger Subsidiary I, Inc., at the effective time of the merger each share of Cordia Bancorp Inc. common stock was exchanged for $5.15 in cash.
- F2Pursuant to the Agreement and Plan of Merger, dated as of May 19, 2016, by and among Cordia Bancorp Inc., Bank of Virginia, First-Citizens Bank & Trust Company, and FC Merger Subsidiary I, Inc., this stock option was cancelled and the reporting person did not receive any cash payment.