SEC Form 4 · accession 0001209191-17-049113
FARMERS NATIONAL BANC CORP /OH/ · FMNB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James R Smail
Director
Period of report
Aug 15, 2017
Accepted (ET)
Aug 16, 2017 · 11:12 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000709337
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Farmers National Banc Corp. Common StockF1 | Aug 15, 2017 | J | 365,017 | — | A | 1,662,210 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares were acquired by the reporting person pursuant to the merger between Farmers National Banc Corp. (the "Company"), Monitor Bancorp, Inc. ("Monitor"), and FMNB Merger Subsidiary II, LLC ("Merger Sub"). Pursuant to the terms of the Merger Agreement, Monitor was merged with and into Merger Sub (the "Merger") and immediately thereafter Merger Sub was dissolved and liquidated. Each shareholder of Monitor was entitled to elect to receive consideration in cash or in common shares, without par value, of the Company (the "Company Common Shares"). The reporting person was a shareholder of Monitor and elected to receive Company Common Shares at a final stock exchange ratio of 54.7992 Company Common Shares for each share of Monitor owned by the reporting person.