4//SEC Filing
Zoeller Jack C 4
Accession 0001225208-13-009271
CIK 0001466292other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 9:15 PM ET
Size
15.8 KB
Accession
0001225208-13-009271
Insider Transaction Report
Form 4
Zoeller Jack C
DirectorPresident & CEO
Transactions
- Other
Common Stock
2013-03-29+1,660→ 106,435 total - Other
Stock Option (right to buy)
2013-03-29+13,280→ 13,280 totalExercise: $5.35From: 2014-03-27Exp: 2023-03-27→ Common Stock (13,280 underlying) - Other
Stock Option (right to buy)
2013-03-29+13,280→ 13,280 totalExercise: $6.25From: 2012-10-26Exp: 2021-10-26→ Common Stock (13,280 underlying)
Holdings
- 184,000
Founders Shares
→ Common Stock (184,000 underlying) - 10,000(indirect: By IRA)
Common Stock
- 30,000(indirect: By IRA)
Common Stock
Footnotes (5)
- [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]Pursuant to the Articles of Share Exchange, each option to purchase a share of Bank of Virginia common stock was converted into an option to purchase 0.664 of a share of Cordia Bancorp Inc. common stock, rounded down to the nearest whole share. The option conversion price was adjusted by dividing the original exercise price of the option by the 0.664 exchange ratio.
- [F3]Stock options vest in four equal annual installments beginning on March 27, 2014, the first anniversary of the date of the grant.
- [F4]Stock options vest in four equal annual installments beginning on October 26, 2012, the first anniversary of the date of the grant.
- [F5]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.
Documents
Issuer
Cordia Bancorp Inc
CIK 0001466292
Entity typeother
Related Parties
1- filerCIK 0001358050
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 9:15 PM ET
- Size
- 15.8 KB