SEC Form 4 · accession 0001140361-17-044972
SUMMIT FINANCIAL GROUP INC · SMMF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Frye
Officer — Sr. VP & Chief of Credit Admin
Period of report
Dec 4, 2017
Accepted (ET)
Dec 5, 2017 · 9:41 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 | Dec 4, 2017 | M | 880 | $9.49 | A | 33,048 | D | |
| Common Stock | Dec 4, 2017 | M | 1,200 | $17.79 | A | 34,248 | D | |
| Common Stock | Dec 4, 2017 | M | 1,600 | $25.93 | A | 35,848 | D | |
| Common Stock | Dec 4, 2017 | S | 3,680 | $27.50 | D | 32,168 | D | |
| Common Stock | holding | — | — | — | 11,939 | 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 | Dec 4, 2017 | M | 880 | D | Dec 6, 2003 | Dec 6, 2017 | Common Stock | 880 | 0 | D |
| Employee Stock Option (Right to Buy)F2 | $17.79 | Dec 4, 2017 | M | 1,200 | D | Dec 12, 2004 | Dec 12, 2018 | Common Stock | 1,200 | 1,200 | D |
| Employee Stock Option (Right to Buy)F2 | $25.93 | Dec 4, 2017 | M | 1,600 | D | Dec 6, 2005 | Dec 7, 2019 | Common Stock | 1,600 | 3,200 | D |
| Stock-Settled Stock Appreciation RightsF1 | $12.01 | holding | — | — | — | Apr 22, 2016 | Apr 23, 2025 | Common Stock | 17,613 | 17,613 | D |
| Stock-Settled Stock Appreciation RightsF1 | $26.01 | holding | — | — | — | Feb 9, 2018 | Feb 9, 2027 | Common Stock | 5,604 | 5,604 | 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.