SEC Form 4 · accession 0001140361-16-089260
SUMMIT FINANCIAL GROUP INC · SMMF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Oscar M Bean
Officer — Chairman · Director
Period of report
Dec 8, 2016
Accepted (ET)
Dec 9, 2016 · 3:52 pm EST
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 | Dec 8, 2016 | S | 3,274 | $28.60 | D | 90,702 | D | |
| Common StockF3 | holding | — | — | — | 23,258 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F2 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,975 | 1,975 | D |
Explanation of responses
- F1Each share of phantom stock represents the economic equivalent of one share of Summit common stock.
- F2Shares of phantom stock are payable only in cash following termination of the reporting person's service as a director of Summit.
- F3The amount beneficially owned at the end of the month changed due to shares acquired through participation in the Company's dividend reinvestment program as follows: 98.372837 shares acquired September 30, 2016.