SEC Form 4 · accession 0001567619-18-007595

Poage Bankshares, Inc. · PBSK

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP, CIO and Corp. Secretary

Period of report

Dec 7, 2018

Accepted (ET)

Dec 10, 2018 · 2:55 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001511071

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Dec 7, 2018	D	13,887	$0.00	D	0	D
Common Stock^F1	Dec 7, 2018	D	4,738	$0.00	D	0	I	By ESOP

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Options^F2	$15.00	Dec 7, 2018	D	25,000	D	May 21, 2014	May 21, 2023	Common Stock	25,000	0	D

F1Disposed of pursuant to the Agreement and Plan of Merger, dated as of July 11, 2018, by and among City Holding Company ("City") and Poage Bankshares, Inc. ("Poage"). Poage merged with and into City, with City continuing as the surviving entity (the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of Poage common stock issued and outstanding immediately prior to such time was converted into the right to receive 0.335 shares of City common stock.
F2At the Effective Time, pursuant to the Agreement and Plan of Merger, dated as of July 11, 2018, by and among City and Poage, all stock options were cancelled and the reporting person received a cash payment equal to $24.44 per share minus the applicable exercise price of such option, multiplied by each stock option held