SEC Form 4 · accession 0001140361-17-013188
SUMMIT FINANCIAL GROUP INC · SMMF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
H Charles Maddy III
Officer — President & CEO · Director
Period of report
Feb 9, 2017
Accepted (ET)
Mar 24, 2017 · 2:49 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 StockF4 | Mar 24, 2017 | J | 1,591 | $0.00 | A | 31,715 | I | By ESOP |
| Common StockF3,F6 | holding | — | — | — | 69,083 | D | ||
| Common StockF3 | holding | — | — | — | 2,900 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-Settled Stock Appreciation RightsF1 | $26.01 | Feb 9, 2017 | A | 15,668 | A | Feb 9, 2018 | Feb 9, 2027 | Common Stock | 15,668 | 15,668 | D |
| Employee Stock Option (Right to Buy)F2 | $9.49 | holding | — | — | — | Dec 6, 2003 | Dec 6, 2017 | Common Stock | 1,400 | 1,400 | D |
| Employee Stock Option (Right to Buy)F2 | $17.79 | holding | — | — | — | Dec 12, 2004 | Dec 12, 2018 | Common Stock | 4,800 | 4,800 | D |
| Employee Stock Option (Right to Buy)F2 | $25.93 | holding | — | — | — | Dec 6, 2005 | Dec 7, 2019 | Common Stock | 7,200 | 7,200 | D |
| Stock-Settled Stock Appreciation RightsF1 | $12.01 | holding | — | — | — | Apr 22, 2016 | Apr 23, 2025 | Common Stock | 34,850 | 34,850 | D |
Explanation of responses
- F1Option and/or SAR vests in 5 equal annual installments with the beginning date indicated.
- F2Option expires in 5 equal annual installments with the final date indicated.
- F3Reflects transfer of 603 shares previously reported as owned by wife to joint ownership with Mr. Maddy.
- F4The information reported herein is based on a plan statement dated 12/31/2016 received in March 2017.
- F5Between January 1, 2016 and December 31, 2016, acquired 1,591.2153 shares of Summit common stock under the Summit Financial Group, Inc. Employee Stock Ownership Plan.
- F6The amount beneficially owned at the end of the month changed due to 0.557818 shares acquired through participation in the Company's dividend reinvestment program