SEC Form 4 · accession 0001618248-16-000031
FIRST NATIONAL CORP /VA/ · FXNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Michael Shane Bell
Officer — EVP/CFO
Period of report
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 5:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000719402
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $1.25 par value | Feb 10, 2016 | A | 302 | $0.00 | A | 7,782 | D | |
| Common Stock, $1.25 par value | Feb 11, 2016 | M | 1,296 | $0.00 | A | 9,078 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 10, 2016 | A | 604 | A | — | — | Common Stock | 604 | 3,196 | D |
| Restricted Stock UnitsF1 | — | Feb 11, 2016 | M | 1,296 | D | Feb 11, 2016 | Feb 11, 2016 | Common Stock | 1,296 | 1,900 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of FXNC common stock.
- F2The restricted stock units vest in two equal annual installments beginning February 10, 2017.