Cordia Bancorp Inc 4
4 · Cordia Bancorp Inc · Filed Sep 22, 2014
Insider Transaction Report
Form 4
Zoeller Jack C
DirectorPresident & CEO
Transactions
- Purchase
Common Stock
2014-09-18$3.87/sh+2,000$7,730→ 37,673 total(indirect: By IRA)
Holdings
- 39,411(indirect: By IRA)
Common Stock
- 15,000
Stock Option (right to buy)
Exercise: $4.20Exp: 2024-06-25→ Common Stock (15,000 underlying) - 105,665
Common Stock
- 66,000(indirect: Restricted Stock)
Common Stock
- 13,280
Stock Option (right to buy)
Exercise: $6.25From: 2012-10-26Exp: 2021-10-26→ Common Stock (13,280 underlying) - 184,000
Founders Shares
→ Common Stock (184,000 underlying) - 13,280
Stock Option (right to buy)
Exercise: $5.35From: 2014-03-27Exp: 2023-03-27→ Common Stock (13,280 underlying)
Footnotes (5)
- [F1]Restricted shares vest in three equal installments on December 31, 2014, 2015 and 2016. In addition, on each vesting date, such vested shares will become subject to a 12-month holding period.
- [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 thresholds 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.
- [F3]Stock options vest in three equal installments on December 31, 2014, 2015 and 2016 provided that certain asset size thresholds and performance measures are achieved on each vesting date. Any shares for which such asset size and applicable performance measures have not been met by the applicable date will be forfeited.
- [F4]Stock options vest in four equal annual installments beginning on March 27, 2014, the first anniversary of the date of the grant.
- [F5]Stock options vest in four equal annual installments beginning on October 26, 2012, the first anniversary of the date of the grant.