SEC Form 4 · accession 0001209191-16-099643
FIRST FINANCIAL BANKSHARES INC · FFIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
F Scott Dueser
Officer — Chairman, President and CEO · Director
Period of report
Feb 18, 2016
Accepted (ET)
Feb 18, 2016 · 11:45 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000036029
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 18, 2016 | M | 3,000 | $16.78 | A | 383,566 | I | By Trust |
| Common StockF1 | Feb 18, 2016 | M | 4,000 | $15.73 | A | 387,566 | I | By Trust |
| Common StockF3 | holding | — | — | — | 278,002 | I | By Partnership | |
| Common StockF2,F4 | holding | — | — | — | 203,880 | I | By LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option, Right to Buy | $15.73 | Feb 18, 2016 | M | 3,000 | D | May 19, 2015 | May 19, 2019 | Common Stock | 3,000 | 0 | D |
| Employee Stock Option, Right to Buy | $16.78 | Feb 18, 2016 | M | 4,000 | D | Oct 25, 2015 | Oct 25, 2021 | Common Stock | 4,000 | 8,000 | D |
Explanation of responses
- F1The total shares represented are held in various trusts of which Mr. Dueser is the trustee, settlor and beneficiary.
- F2In January 2016, the Trust above distributed 33,150 shares to the Limited Liability Company, both of which Mr. Dueser is the beneficiary.
- F3Represents shares owned by a partnership of which Mr. Dueser is the manager. Mr. Dueser disclaims beneficial ownership with respect to 208,502 shares because he does not have a pecuniary interest in such shares. This report should not be deemed an admission that Mr. Dueser is the beneficial ownership of these shares for purposes of Section 16 or any other purpose.
- F4Represents shares owned by a limited liability company ("LLC") of which Mr. Dueser is the manager and sole member.