SEC Form 5 · accession 0001239696-15-000001
NATIONAL BANKSHARES INC · NKSH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
F Brad Denardo
Officer — Executive Vice President
Period of report
Dec 31, 2014
Accepted (ET)
Jan 28, 2015 · 3:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000796534
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 28, 2014 | J | 11,737 | $19.00 | D | 13,149 | I | ESOP |
| Common Stock | holding | — | — | — | 13,221 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3 | $23.00 | holding | — | — | — | Nov 9, 2005 | Nov 8, 2015 | Common Stock | 8,000 | 8,000 | D |
Explanation of responses
- F1Since the date of the reporting person's last ownership report, he transferred 11,737 shares of issuers common stock held by the issuers sponsored ESOP as part of divorce settlement, effective April 3, 2014.
- F2Price represents the cost basis of the common stock held by the ESOP.
- F3The options became exercisable with respect to 8,000 shares on November 9, 2005 in quarterly increments in each of the four years following the anniversary of November 9, 2005. The options expire on Novmeber 8, 2015.