BAER FRANK A III 4
4 · SUMMIT FINANCIAL GROUP INC · Filed Oct 2, 2009
Insider Transaction Report
Form 4
BAER FRANK A III
Director
Transactions
- Purchase
8% Non-Cumulative Convertible Preferred Stock, Series 2009
2009-09-30$1000.00/sh+60$60,000→ 60 totalExercise: $5.50From: 2010-03-01Exp: 2019-06-01→ Common Stock (10,909.086 underlying)
Holdings
- 592(indirect: By Children)
Common Stock
- 24,927
Common Stock
- 3,489.31
Phantom Stock
→ Common Stock (3,489.31 underlying)
Footnotes (3)
- [F1]Each share of phantom stock represents the economic equivalent of one share of Summit common stock.
- [F2]Shares of phantom stock are payable only in cash following termination of the reporting person's service as a director of Summit.
- [F3]The 2009 Series Preferred Stock may be converted at the holder's option on any dividend payment date.