SEC Form 4 · accession 0001140361-15-012108
SUMMIT FINANCIAL GROUP INC · SMMF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J Hawse III
Director
Period of report
Mar 12, 2015
Accepted (ET)
Mar 17, 2015 · 8:06 am 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 | 23,275 | $4.00 | A | 96,575 | D | |
| Common Stock | holding | — | — | — | 1,500 | I | By Spouse | |
| Common Stock | holding | — | — | — | 4,109 | I | By Self Directed IRA FBO Spouse |
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 | 23,375 | D | Mar 1, 2012 | Jun 1, 2021 | Common Stock | 23,375 | 0 | D |
| Phantom StockF2,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 7,585 | 7,585 | 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.