SEC Form 4 · accession 0001140361-18-028417
PREMIER FINANCIAL BANCORP INC · PFBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scot A. Kelley
Officer — VP Credit Adminstration
Period of report
Jun 13, 2018
Accepted (ET)
Jun 13, 2018 · 4:30 pm 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 StockF5 | Jun 13, 2018 | M | 1,306 | $10.7055 | A | 16,204 | D | |
| PFBI Common Stock | Jun 13, 2018 | M | 1,306 | $10.8364 | A | 17,510 | D | |
| PFBI Common Stock | Jun 13, 2018 | M | 1,250 | $15.208 | A | 18,760 | D | |
| PFBI Common Stock | Jun 13, 2018 | F | 2,572 | $18.33 | D | 16,188 | 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) (PFBI Common)F6,F2 | $15.208 | Jun 13, 2018 | M | 1,250 | D | — | Mar 15, 2027 | PFBI Common | 1,250 | 2,500 | D |
| Employee Stock Option (Right to Buy)F6,F3 | $10.8364 | Jun 13, 2018 | M | 1,306 | D | — | Mar 16, 2026 | PFBI Common | 1,306 | 1,306 | D |
| Employee Stock Option (Right to Buy)F6,F4 | $10.7055 | Jun 13, 2018 | M | 1,306 | D | — | Mar 18, 2025 | PFBI Common | 1,306 | 0 | D |
| Employee Stock Option (Right to Buy) (PFBI Common)F6,F1 | $15.12 | holding | — | — | — | — | Mar 21, 2028 | PFBI Common | 3,750 | 3,750 | D |
Explanation of responses
- F13,750 options granted on 3/21/2018 vest in three equal annual installments beginning on 03/21/2019.
- F23,750 options granted on 3/15/2017 vest in three equal annual installments beginning on 03/15/2018.
- F33,918 options granted on 3/16/2016 vest in three equal annual installments beginning on 03/16/2017.
- F4Options vested over three-year period from 03/18/2015 grant date and were fully vested on 03/18/2018
- F5On June 8, 2018, Premier Financial Bancorp, Inc. issued a 5 for 4 stock split (1 share for every 4 shares owned on record date) to shareholders of record on June 4, 2018. Reporting person's last reported ownership of PFBI Common Stock has been increased by 2,979 shares to reflect the 5 for 4 stock split.
- F6On June 8, 2018, Premier Financial Bancorp, Inc. issued a 5 for 4 stock split (1 share for every 4 shares owned on record date) to shareholders of record on June 4, 2018. Pursuant to the anti-dilution provisions of the stock option plans, the number of options awarded has been increased by 25% and the exercise price of the options awarded has been decreased by 25% to reflect the 5 for 4 stock split.