SEC Form 4 · accession 0001140361-17-014540
SUMMIT FINANCIAL GROUP INC · SMMF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John H Shott
Director
Period of report
Apr 3, 2017
Accepted (ET)
Apr 4, 2017 · 1:24 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 StockF1 | Apr 3, 2017 | A | 9,708 | $0.00 | A | 9,708 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Received in exchange for 7,809 shares of First Century Bankshares, Inc. ("First Century") pursuant to the terms of the Agreement and Plan of Merger, dated June 1, 2016 (the "Merger Agreement"), between Summit Financial Group, Inc. ("Summit") and First Century. On the effective date of the merger, First Century merged with and into FCB Merger Sub LLC, a wholly-owned subsidiary of Summit's wholly-owned subsidiary, Summit Community Bank, Inc. On last trading day prior to the effective date of the merger, the closing price of First Century's common stock was $23.08 per share, and the closing price of Summit's common stock was $21.54 per share.