SEC Form 4 · accession 0001564482-17-000008
WashingtonFirst Bankshares, Inc. · WFBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George W Connors IV
Officer — President · Director
Period of report
Dec 14, 2017
Accepted (ET)
Dec 18, 2017 · 10:53 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001476264
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 14, 2017 | M | 10,022 | $9.9773 | A | 82,783 | D | |
| Common Stock | Dec 14, 2017 | S | 7,000 | $33.7264 | D | 75,783 | D | |
| Common Stock | Dec 14, 2017 | M | 7,000 | $11.5197 | A | 82,783 | D | |
| Common Stock | Dec 14, 2017 | M | 840 | $15.1619 | A | 83,623 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $9.9778 | Dec 14, 2017 | M | 10,022 | D | — | Jun 18, 2022 | Common Stock | 10,022 | 32,519 | D |
| Stock OptionF2 | $11.5197 | Dec 14, 2017 | M | 7,000 | D | Jan 31, 2013 | Jan 31, 2018 | Common Stock | 7,000 | 2,550 | D |
| Stock OptionF3 | $15.1619 | Dec 14, 2017 | M | 840 | D | — | Mar 9, 2025 | Common Stock | 840 | 3,360 | D |
Explanation of responses
- F1One hundred percent of the options vest on June 18, 2017.
- F2Pursuant to Section 422 of the Internal Revenue Code, this portion of the reporting person's stock options were deemed non-qualified stock options.
- F3Options vest annually in five equal installments commencing on March 9, 2016, fully vesting on March 9, 2020.