SUMMIT FINANCIAL GROUP INC 4
4 · SUMMIT FINANCIAL GROUP INC · Filed Mar 16, 2015
Insider Transaction Report
Form 4
HUFFMAN GERALD W
Director
Transactions
- Conversion
8% Non-Cumulative Convertible Preferred Stock Series 2009
2015-03-12−18,181→ 0 totalExercise: $5.50From: 2010-03-01Exp: 2019-06-01→ Common Stock (18,181 underlying) - Conversion
Common Stock
2015-03-12$4.00/sh+37,500$150,000→ 115,681 total - Conversion
8% Non-Cumulative Convertible Preferred Stock Series 2011
2015-03-12−37,500→ 0 totalExercise: $4.00From: 2012-03-01Exp: 2021-06-01→ Common Stock (37,500 underlying) - Conversion
Common Stock
2015-03-12$5.50/sh+18,181$99,996→ 78,181 total
Holdings
- 5,834.53
Phantom Stock
Exercise: $0.00→ Common Stock (5,834.53 underlying)
Footnotes (3)
- [F1]The 2009 Series Preferred Stock and 2011 Series Preferred Stock was converted to Common Stock on 3/12/2015.
- [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.