SEC Form 4 · accession 0001140361-17-011699
PREMIER FINANCIAL BANCORP INC · PFBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brien M Chase
Officer — Chief Financial Officer
Period of report
Mar 9, 2017
Accepted (ET)
Mar 13, 2017 · 10:18 am EDT
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 StockF6,F7 | Mar 9, 2017 | M | 3,737 | $11.7454 | A | 24,986 | D | |
| PFBI Common Stock | Mar 9, 2017 | S | 1,667 | $18.60 | D | 23,319 | D | |
| PFBI Common Stock | Mar 9, 2017 | S | 2,070 | $18.5244 | D | 21,249 | D | |
| PFBI Common StockF6 | Mar 10, 2017 | M | 52 | $11.7454 | A | 21,301 | D | |
| PFBI Common Stock | Mar 10, 2017 | S | 52 | $18.50 | D | 21,249 | 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)F6,F5 | $11.7454 | Mar 9, 2017 | M | 3,737 | D | — | Feb 20, 2018 | PFBI Common | 3,737 | 1,763 | D |
| Employee Stock Option (Right to Buy) (PFBI Common)F6,F5 | $11.7454 | Mar 10, 2017 | M | 52 | D | — | Feb 20, 2018 | PFBI Common | 52 | 1,711 | D |
| Employee Stock Option (Right to Buy)F6,F1 | $13.5454 | holding | — | — | — | — | Mar 16, 2026 | PFBI Common | 5,500 | 5,500 | D |
| Employee Stock Option (Right to Buy)F6,F2 | $13.3818 | holding | — | — | — | — | Mar 18, 2025 | PFBI Common | 5,500 | 5,500 | D |
| Employee Stock Option (Right to Buy)F6,F3 | $13.1182 | holding | — | — | — | — | Mar 19, 2024 | PFBI Common | 5,500 | 5,500 | D |
| Employee Stock Option (Right to Buy)F6,F4 | $10.3545 | holding | — | — | — | — | Mar 20, 2023 | PFBI Common | 5,500 | 5,500 | D |
Explanation of responses
- F1Options vest in three equal annual installments beginning on 03/16/2017.
- F2Options vest in three equal annual installments beginning on 03/18/2016.
- F3Options vest in three equal annual installments beginning on 03/19/2015.
- F4Options vested over three-year period from 03/20/2013 grant date and were fully vested on 03/20/2016.
- F5Options vested over three-year period from 02/20/2008 grant date and were fully vested on 02/20/2011.
- F6On 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.
- F7On 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 1,931 shares to reflect the 10% stock dividend.