SEC Form 4 · accession 0001618130-19-000004
Virginia National Bankshares Corp · VABK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven W. Blaine
Director
Period of report
Mar 4, 2019
Accepted (ET)
Mar 5, 2019 · 11:30 am EST
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 StockF1 | Mar 4, 2019 | M | 2,335 | $17.3913 | A | 3,595 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option 2009-01-NQ (right to buy)F2,F3 | $17.3913 | Mar 4, 2019 | M | 2,335 | D | — | Mar 16, 2019 | Common Stock | 2,335 | 0 | D |
Explanation of responses
- F1A 15% stock dividend was issued by the Company to all shareholders of record as of June 3, 2011, and a 5% stock dividend was issued by the Company to all shareholders of record as of April 3, 2018. Exercise price and number of securities received upon exercise of option have been adjusted to reflect such stock dividends.
- F2This option was originally granted for 1,934 shares of common stock at an exercise price of $21.00 per share, but the option has been adjusted to reflect (a) the 15% stock dividend issued by the Company to all shareholders of record as of June 3, 2011 and (b) the 5% stock dividend issued by the Company to all shareholders of record as of April 3, 2018.
- F3This option vested in five equal annual installments starting March 16, 2010.