SEC Form 4 · accession 0001593183-16-000006
Virginia National Bankshares Corp · VABK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn W Rust
Officer — President & CEO · Director
Period of report
Jul 22, 2016
Accepted (ET)
Jul 26, 2016 · 2:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001572334
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 22, 2016 | M | 2,745 | $15.6522 | A | 21,523 | D | |
| Common Stock | Jul 22, 2016 | M | 4,250 | $15.7391 | A | 25,773 | D | |
| Common Stock | Jul 22, 2016 | S | 6,995 | $24.50 | D | 18,778 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2010 Incentive Stock Option (right to buy)F1 | $15.6522 | Jul 22, 2016 | M | 2,745 | D | — | Apr 19, 2020 | Common Stock | 2,745 | 0 | D |
| 2011 Incentive Stock Option (right to buy)F2 | $15.7391 | Jul 22, 2016 | M | 4,250 | D | — | Mar 21, 2021 | Common Stock | 4,250 | 1,500 | D |
Explanation of responses
- F1This option vested in four equal installments on April 19, 2011, 2012, 2013 and 2014.
- F2This option vested in four equal installments on March 21, 2012, 2013, 2014 and 2015.