SEC Form 4 · accession 0001140361-17-011627
PREMIER FINANCIAL BANCORP INC · PFBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Katrina Whitt
Officer — VP Human Resources
Period of report
Mar 9, 2017
Accepted (ET)
Mar 10, 2017 · 4:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000887919
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| PFBI Common StockF9,F10 | Mar 9, 2017 | M | 1,650 | $11.7454 | A | 3,102 | D | |
| PFBI Common Stock | Mar 9, 2017 | S | 1,650 | $18.50 | D | 1,452 | D |
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)F9,F8 | $11.7454 | Mar 9, 2017 | M | 1,650 | D | — | Feb 20, 2018 | PFBI Common | 1,650 | 0 | D |
| Employee Stock Option (Right to Buy)F9,F1 | $13.5454 | holding | — | — | — | — | Mar 16, 2026 | PFBI Common | 2,475 | 2,475 | D |
| Employee Stock Option (Right to Buy)F9,F2 | $13.3818 | holding | — | — | — | — | Mar 18, 2025 | PFBI Common | 2,475 | 2,475 | D |
| Employee Stock Option (Right to Buy)F9,F3 | $13.1182 | holding | — | — | — | — | Mar 19, 2024 | PFBI Common | 2,200 | 2,200 | D |
| Employee Stock Option (Right to Buy)F9,F4 | $10.8455 | holding | — | — | — | — | Mar 20, 2023 | PFBI Common | 2,200 | 2,200 | D |
| Employee Stock Option (Right to Buy)F9,F5 | $6.7909 | holding | — | — | — | — | Mar 21, 2022 | PFBI Common | 4,400 | 4,400 | D |
| Employee Stock Option (Right to Buy)F9,F6 | $6.3182 | holding | — | — | — | — | Mar 16, 2021 | PFBI Common | 3,300 | 3,300 | D |
| Employee Stock Option (Right to Buy)F9,F7 | $8.0909 | holding | — | — | — | — | Mar 17, 2020 | PFBI Common | 1,958 | 1,958 | D |
Explanation of responses
- F1Options vest in three equal annual installments beginning on 03/16/2017.
- F10On December 9, 2016, Premier Financial Bancorp paid a 10% stock dividend (1 share for every 10 shares owned on record date) to shareholders of record on December 2, 2016. Reporting person's last reported ownership of PFBI Common Stock has been increased by 132 shares to reflect the 10% stock dividend.
- F2Options vest in three equal annual installments beginning on 03/18/2016.
- F3Options vest in three equal annual installments beginning on 03/18/2015.
- F4Options vested over three-year period from 03/21/2013 grant date and were fully vested on 03/21/2016.
- F5Options vested over three-year period from 03/21/2012 grant date and were fully vested on 03/21/2015.
- F6Options vested over three-year period from 03/16/2011 grant date and were fully vested on 03/16/2014.
- F7Options vested over three-year period from 03/17/2010 grant date and were fully vested on 03/17/2013.
- F8Options vested over three-year period from 02/20/2008 grant date and were fully vested on 02/20/2011.
- F9On December 9, 2016, Premier Financial Bancorp, Inc. paid a 10% stock dividend (1 share for every 10 shares owned on record date) to shareholders of record on December 2, 2016. Pursuant to the anti-dilution provisions of the stock option plans, the number of options awarded has been increased by 10% and the exercise price of the options awarded has been decreased by 10% to reflect the 10% stock dividend.