SEC Form 4 · accession 0001618248-16-000038
FIRST NATIONAL CORP /VA/ · FXNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott C Harvard
Officer — President & CEO · Director
Period of report
May 23, 2016
Accepted (ET)
May 23, 2016 · 4:49 pm EDT
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 valueF1 | May 23, 2016 | P | 600 | $9.7417 | A | 1,000 | I | Daughter-KLH |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | holding | — | — | — | — | — | Common Stock | 3,608 | 3,608 | D |
Explanation of responses
- F1Owns an additional 28,577 direct shares.
- F2Each restricted stock unit represents a contingent right to receive one share of FXNC common stock.
- F3The restricted stock units vest in installments, with 1,582 shares vesting on February 10, 2017, 444 shares vesting on February 11, 2017, and 1,582 shares vesting on February 10, 2018.