Wright John Pardee 4
4 · Cordia Bancorp Inc · Filed Apr 2, 2013
Insider Transaction Report
Form 4
Wright John Pardee
Director
Transactions
- Other
Common Stock
2013-03-29+4,732→ 36,126 total
Holdings
- 9,375
Founders Shares
→ Common Stock (9,375 underlying)
Footnotes (2)
- [F1]On March 29, 2013, Cordia Bancorp Inc. completed the reorganization of Bank of Virginia into a wholly-owned subsidiary of Cordia Bancorp Inc. pursuant to an Agreement and Plan of Share Exchange between Cordia Bancorp Inc. and Bank of Virginia. Cordia Bancorp Inc. common stock is deemed registered under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), as the successor to Bank of Virginia pursuant to subsection (a) of Rule 12g-3 promulgated under the Exchange Act. Pursuant to the Articles of Share Exchange, each share of Bank of Virginia common stock was exchanged for 0.664 of a share of Cordia Bancorp Inc. common stock, rounded down to the nearest whole share.
- [F2]Founders shares are eligible for performance-based vesting based on the achievement of certain asset size thresholds and performance measures. Any shares for which such asset size and performance measures have not been met by 10/6/2016 will be forfeited. The reporting person may not exercise any voting rights or other rights of a shareholder unless the asset size and performance measures have been satisfied.