VALLEY FINANCIAL CORP /VA/ 4
4 · VALLEY FINANCIAL CORP /VA/ · Filed Jul 1, 2015
Insider Transaction Report
Form 4
Goldsmith Richard Grayson
SVP / Business Banking Gp Mgr.
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
2015-07-01−3,870→ 0 total
Footnotes (2)
- [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 9, 2010, was assumed by BNC Bancorp in the merger 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.