4//SEC Filing
VALLEY FINANCIAL CORP /VA/ 4
Accession 0001140361-15-026188
CIK 0000921590operating
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 2:38 PM ET
Size
9.7 KB
Accession
0001140361-15-026188
Insider Transaction Report
Form 4
HUNDLEY MARY P
SVP/CRO
Transactions
- Disposition to Issuer
Employee Stock Option
2015-07-01−600→ 0 totalExercise: $3.05Exp: 2019-12-09→ Common Stock (600 underlying) - Disposition to Issuer
Common Stock
2015-07-01−6,704→ 0 total - Disposition to Issuer
Employee Stock Option
2015-07-01−2,400→ 0 totalExercise: $10.63Exp: 2023-10-17→ Common Stock (2,400 underlying)
Footnotes (3)
- [F1]Effective July 1, 2015, pursuant to an Agreement and Plan of Reorganization, dated as of November 17, 2014 (the "Merger Agreement"), by and among Valley Financial Corp and BNC Bancorp, Valley Financial Corp merged with and into BNC Bancorp, with BNC Bancorp as the surviving company (the "Merger"). In the Merger, each share of Valley Financial Corp's common stock converted into 1.1081 shares of BNC Bancorp's common stock.
- [F2]This option, which provided for vesting in five equal annual installments beginning December 10, 2010, was cancelled in the merger in exchange for a cash payment of $10,866, representing the difference between the exercise price of the option and the imputed cash value per share of Valley Financial Corp common stock based upon exchange ratio of 1.1081 ($21.16 per share).
- [F3]This option, which provided for vesting in five equal annual installments beginning October 18, 2014, was cancelled in the merger in exchange for a cash payment of $25,272, representing the difference between the exercise price of the option and the imputed cash value per share of Valley Financial Corp common stock based upon exchange ratio of 1.1081 ($21.16 per share).
Documents
Issuer
VALLEY FINANCIAL CORP /VA/
CIK 0000921590
Entity typeoperating
IncorporatedVA
Related Parties
1- filerCIK 0000921590
Filing Metadata
- Form type
- 4
- Filed
- Jun 30, 8:00 PM ET
- Accepted
- Jul 1, 2:38 PM ET
- Size
- 9.7 KB