SEC Form 4 · accession 0001140361-17-046680
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
Dec 15, 2017
Accepted (ET)
Dec 19, 2017 · 2:25 pm 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 StockF3 | Dec 15, 2017 | S | 1,900 | $27.2766 | D | 77,856 | D | |
| 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 | $17.79 | holding | — | — | — | Dec 12, 2004 | Dec 12, 2018 | Common Stock | 2,400 | 2,400 | D |
| Employee Stock Option (Right to Buy)F4,F2 | $25.93 | holding | — | — | — | Dec 6, 2005 | Dec 7, 2019 | Common Stock | 4,800 | 4,800 | D |
| Stock-Settled Stock Appreciation RightsF1 | $12.01 | holding | — | — | — | Apr 22, 2016 | Apr 23, 2025 | Common Stock | 20,910 | 20,910 | D |
| Stock-Settled Stock Appreciation RightsF1 | $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.
- F3The price reported in Column 4 is an average price. These shares were purchased in multiple transactions at prices ranging from $27.25 to $27.365, inclusive. The reporting person undertakes to provide to Summit Financial Group, Inc., any security holder of Summit Financial Group, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.
- F4The number of Derivative Securities Beneficially Owned changed due to the expiration of 2400 stock options on December 7, 2017.