Cordia Bancorp Inc 4
4 · Cordia Bancorp Inc · Filed Feb 26, 2016
Insider Transaction Report
Form 4
Grieve Peter W
DirectorChairman10% Owner
Transactions
- Award
Common Stock
2016-02-24+2,325→ 2,325 total(indirect: By Stock Award)
Holdings
- 237,407
Common Stock
- 184,000
Founders' Shares
- 170,000(indirect: By IRA)
Common Stock
- 10,000(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Represents a grant of restricted stock under the Cordia Bancorp Inc. 2011 Stock Incentive Plan. Shares vest in twelve equal installments on the 24th day of each month during the year ending December 31, 2016, with the vesting of the first two installments occurring immediately on the date of grant.
- [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.