SEC Form 4 · accession 0001140361-17-040944
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
Nov 1, 2017
Accepted (ET)
Nov 3, 2017 · 3:45 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 Stock | Nov 1, 2017 | M | 1,400 | $9.49 | A | 73,385 | D | |
| Common StockF4 | Nov 1, 2017 | M | 2,400 | $17.79 | A | 75,785 | D | |
| Common StockF3 | holding | — | — | — | 0 | I | By Wife | |
| Common Stock | holding | — | — | — | 31,715 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $9.49 | Nov 1, 2017 | M | 1,400 | A | Dec 6, 2003 | Dec 6, 2017 | Common Stock | 1,400 | 0 | D |
| Employee Stock Option (Right to Buy)F2 | $17.79 | Nov 1, 2017 | M | 2,400 | A | Dec 12, 2004 | Dec 12, 2018 | Common Stock | 2,400 | 2,400 | 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 |
| Stock-Settled Stock Appreciation RightsF1,F2 | $26.01 | holding | — | — | — | Feb 9, 2018 | Feb 9, 2027 | Common Stock | 15,668 | 15,668 | 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 2900 shares previously reported as owned by wife to joint ownership with Mr. Maddy.
- F4The amount beneficially owned at the end of the month changed due to 1.416493 shares acquired through participation in the Company's dividend reinvestment program