SEC Form 4 · accession 0001140361-15-012041
SUMMIT FINANCIAL GROUP INC · SMMF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W Crites
Director
Period of report
Mar 12, 2015
Accepted (ET)
Mar 16, 2015 · 6:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000811808
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 12, 2015 | C | 62,125 | $4.00 | A | 89,425 | D | |
| Common Stock | Mar 12, 2015 | C | 146,125 | $4.00 | A | 215,125 | I | FBO Grandchildren |
| Common Stock | holding | — | — | — | 71,059 | I | The Patricia A Crites 2010 GRAT | |
| Common Stock | holding | — | — | — | 124,320 | I | By Spouse | |
| Common Stock | holding | — | — | — | 98,897 | I | The Patricia A Crites 2012 GRAT |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 8% Non-Cumulative Convertible Preferred Stock, Series 2011F1 | $4.00 | Mar 12, 2015 | C | 1,503 | D | Mar 1, 2012 | Jun 1, 2021 | Common Stock | 49 | 0 | D |
| 8% Non-Cumulative Convertible Preferred Stock, Series 2011F1 | $4.00 | Mar 12, 2015 | C | 1,169 | D | Mar 1, 2012 | Jun 1, 2021 | Common Stock | 1,169 | 0 | I |
| Phantom StockF2,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 8,376 | 8,376 | D |
Explanation of responses
- F1The 2011 Series Preferred Stock converted to Common Stock on 3/12/2015.
- F2Each share of Phantom Stock represents the economic equivalent of one share of Summit Common Stock.
- F3Shares of Phantom Stock are payable only in cash following termination of the reporting person's service as a director of Summit.