VALLEY FINANCIAL CORP /VA/ 4
4 · VALLEY FINANCIAL CORP /VA/ · Filed Jul 1, 2015
Insider Transaction Report
Form 4
Agee Andrew B
SVP/Sr R/E Officer
Transactions
- Disposition to Issuer
Employee Stock Option
2015-07-01−2,400→ 0 totalExercise: $10.63Exp: 2023-10-17→ Common Stock (2,400 underlying) - Disposition to Issuer
Common Stock
2015-07-01−4,674→ 0 total - Disposition to Issuer
Employee Stock Option
2015-07-01−600→ 0 totalExercise: $3.05Exp: 2019-12-09→ Common Stock (600 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 assumed by BNC Bancorp in the merger, fully vested and replaced with an option to purchase 664 shares of BNC Bancorp common stock at a price of $2.75 per share. All other terms remain the same.
- [F3]This option, which provided for vesting in five equal annual installments beginning October 18, 2014 was assumed by BNC Bancorp in the merger, fully vested, and replaced with an option to purchase 2,659 shares of BNC Bancorp common stock at a price of $9.59 per share. All other terms remain the same.