Community Bankers Trust Corp 4
4 · Community Bankers Trust Corp · Filed Jun 2, 2009
Insider Transaction Report
Form 4
Transactions
- Sale
Warrants
2009-05-29$0.79/sh−239,240$189,000→ 1,052,184 totalExercise: $5.00From: 2008-05-31Exp: 2011-06-04→ Common Stock (239,240 underlying) - Other
Warrants
2009-05-29$0.10/sh−1,052,184$105,218→ 0 totalExercise: $5.00From: 2008-05-31Exp: 2011-06-04→ Common Stock (1,052,184 underlying) - Other
Common Stock
2009-05-29−360,316→ 1,052,184 total
Footnotes (2)
- [F1]The transfer of shares of common stock from the reporting person to its sole member and manager for no value.
- [F2]The disposition of warrants following the exercise of options to acquire the warrants by unaffiliated third parties. The reporting person had granted the options to acquire both warrants and shares of common stock to these parties pursuant to various option agreements dated May 28, 2008. The options had been exercisable during the period from June 8, 2009 to June 8, 2010, and the reporting person permitted the early exercise of the options relating to the warrants so that the sole member and manager of the reporting person, Gary A. Simanson, could comply with certain regulatory limitations on stock ownership of a bank holding company.