SEC Form 4 · accession 0001140361-17-010969
SUMMIT FINANCIAL GROUP INC · SMMF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dewey F Bensenhaver
Director
Period of report
Mar 3, 2017
Accepted (ET)
Mar 8, 2017 · 9:36 am 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 | Mar 3, 2017 | G | 3,449 | $0.00 | D | 56,342 | D | |
| Common StockF3 | Mar 3, 2017 | J | 14,820 | $0.00 | D | 0 | I | By children |
| Common StockF4 | Mar 3, 2017 | G | 600 | $0.00 | D | 0 | I | by self as Cust for children |
| Common Stock | holding | — | — | — | 3,136 | I | By Wife |
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 | 4,453 | 4,453 | 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 reporting person no longer has a reportable interest in these shares owned by his adult children and included in the reporting person's prior ownership reports. The reporting person will no longer report these shares for purposes of Section 16.
- F4This transaction involves a gift by the reporting person to his son who no longer shares the reporting person's household. The reporting person disclaims beneficial ownership of these shares and will no longer report them for purposes of Section 16.