SEC Form 4 · accession 0001567619-18-006980
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
Nov 23, 2018
Accepted (ET)
Nov 27, 2018 · 11:29 am 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 StockF7 | Nov 23, 2018 | M | 4,910 | $8.2836 | A | 31,160 | D | |
| PFBI Common Stock | Nov 23, 2018 | F | 2,160 | $18.83 | D | 29,000 | 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)F8,F6 | $8.2836 | Nov 23, 2018 | M | 4,910 | D | — | Mar 20, 2023 | PFBI Common | 4,910 | 1,965 | D |
| Employee Stock Option (Right to Buy)F8,F1 | $15.12 | holding | — | — | — | — | Mar 21, 2028 | PFBI Common | 6,250 | 6,250 | D |
| Employee Stock Option (Right to Buy)F8,F2 | $15.208 | holding | — | — | — | — | Mar 15, 2027 | PFBI Common | 6,250 | 6,250 | D |
| Employee Stock Option (Right to Buy)F8,F3 | $10.8364 | holding | — | — | — | — | Mar 16, 2026 | PFBI Common | 6,875 | 6,875 | D |
| Employee Stock Option (Right to Buy) (PFBI Common)F8,F4 | $10.7055 | holding | — | — | — | — | Mar 18, 2025 | PFBI Common | 6,325 | 6,325 | D |
| Employee Stock Option (Right to Buy)F8,F5 | $10.4945 | holding | — | — | — | — | Mar 19, 2024 | PFBI Common | 6,875 | 6,875 | D |
Explanation of responses
- F1Options vest in three equal annual installments beginning on 03/21/2019.
- F2Options vest in three equal annual installments beginning on 03/15/2018.
- F3Options 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.
- F5Options vested over three-year period from 03/19/2014 grant date and were fully vested on 03/19/2017.
- F6Options vested over three-year period from 03/20/2013 grant date and were fully vested on 03/20/2016.
- F7On 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 5,250 shares to reflect the 5 for 4 stock split.
- F8On 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.