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SUMMIT FINANCIAL GROUP INC·4

Nov 2, 9:40 AM ET

SUMMIT FINANCIAL GROUP INC 4

4 · SUMMIT FINANCIAL GROUP INC · Filed Nov 2, 2011

Insider Transaction Report

Form 4
Period: 2011-10-31
SUMMIT FINANCIAL GROUP INCSMMF
HUFFMAN GERALD W
Director
Transactions
  • Purchase

    8% Non-Cumulative Convertible Preferred Stock Series 2011

    2011-10-31$500.00/sh+200$100,000→ 25,000 total
    Exercise: $4.00From: 2012-03-01Exp: 2021-06-01→ Common Stock (25,000 underlying)
  • Exercise of In-Money

    Subscription Rights (right to buy)

    2011-10-31$500.00/sh−200$100,000→ 200 total
    Exercise: $500.00From: 2011-07-01Exp: 2011-10-31→ Preferred Stock (200 underlying)
Holdings

  • Phantom Stock

    Exercise: $0.00→ Common Stock (5,834.53 underlying)
    5,834.53

  • 8% Non-Cumulative Convertible Preferred Stock Series 2009

    Exercise: $5.50From: 2010-03-01Exp: 2019-06-01→ Common Stock (18,181.81 underlying)
    100

  • Common Stock

    60,000
Footnotes (3)
  • [F1]The 2009 Series Preferred Stock and 2011 Series Preferred Stock may be converted at the holder's option on any dividend payment date.
  • [F2]Each share of Phantom Stock represents the economic equivalent of one share of Summit Common Stock.
  • [F3]Shares of Phantom Stock are payable only in cash following termination of the reporting person's service as a director of Summit.

Documents

1 file
  • 4
    doc1.xmlPrimary

    FORM 4