SEC Form 4/A · accession 0001171843-17-006447
SIMMONS FIRST NATIONAL CORP · SFNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Mark W Funke
Officer — President, Bank SNB
Period of report
Oct 30, 2017
Accepted (ET)
Oct 31, 2017 · 8:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000090498
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| SFNC | holding | — | — | — | 58,190 | D | ||
| SFNC | holding | — | — | — | 6,635 | I | By IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Oct 30, 2017 | A | 20,000 | A | — | — | Common | 20,000 | 20,000 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one share of Simmons First National Corporation common stock.
- F2Restricted Stock Unit vests on October 30, 2018 (12.5%), 2019 (25%), 2020 (25%) and 2021 (37.5%). SFNC shares will be delivered within 30 days of vesting. Events such as retirement, death, disability and other specified events in the agreement may result in earlier vesting.
Remarks
This amendment corrects the percentage of Restricted Stock Units that vest in 2019, which was originally reported as 12.5% rather than 25% (as shown above in footnote 2).