BAER FRANK A III 4
4 · SUMMIT FINANCIAL GROUP INC · Filed Aug 11, 2010
Insider Transaction Report
Form 4
BAER FRANK A III
Director
Transactions
- Purchase
Common Stock
2010-08-09$4.73/sh+2,500$11,825→ 27,427 total - Purchase
Common Stock
2010-08-10$3.98/sh+1,250$4,975→ 28,677 total
Holdings
- 592(indirect: By Children)
Common Stock
- 4,303.5
Phantom Stock
Exercise: $0.00→ Common Stock (4,303.5 underlying) - 60
8% Non-Cumulative Convertible Preferred Stock, Series 2009
Exercise: $5.50From: 2010-03-01Exp: 2019-06-01→ Common Stock (10,909.086 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.