ACCESS NATIONAL CORP 4
4 · ACCESS NATIONAL CORP · Filed Apr 4, 2017
Insider Transaction Report
Form 4
LECLAIR GARY D
Director
Transactions
- Award
common stock
2017-04-01+16,324→ 16,324 total
Footnotes (1)
- [F1]Received in exchange for 12,261 shares of Middleburg Financial Corporation ("Middleburg") common stock in connection with the merger of Middleburg with and into Access National Corporation ("Access") effective April 1, 2017 (the "Merger"), and includes 523 shares of Access common stock received in exchange for 400 shares of Middleburg restricted stock that vested in connection with the Merger. At the effective time of the Merger at 12:01 a.m. on April 1, 2017, each outstanding share of Middleburg converted into the right to receive 1.3314 shares of Access common stock. On March 31, 2017, the last trading day before the effective date of the Merger, the closing price of Middleburg's common stock was $40.04 per share and the closing price of Access's common stock was $30.02 per share. All fractional share holdings were paid in cash.