Cordia Bancorp Inc 4
4 · Cordia Bancorp Inc · Filed Sep 1, 2016
Insider Transaction Report
Form 4
SEVERSON MARK A
EVP & CFO
Transactions
- Disposition to Issuer
Common Stock
2016-08-31−2,360→ 0 total - Disposition to Issuer
Common Stock
2016-08-31−6,000→ 0 total(indirect: By IRA) - Disposition to Issuer
Stock Option (right to buy)
2016-08-31−10,000→ 0 totalExercise: $4.41Exp: 2023-09-16→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock
2016-08-31−10,140→ 0 total(indirect: Restricted Stock)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of May 19, 2016, by and among Cordia Bancorp Inc., Bank of Virginia, First-Citizens Bank & Trust Company, and FC Merger Subsidiary I, Inc., at the effective time of the merger each share of Cordia Bancorp Inc. common stock was exchanged for $5.15 in cash.
- [F2]Pursuant to the Agreement and Plan of Merger, dated as of May 19, 2016, by and among Cordia Bancorp Inc., Bank of Virginia, First-Citizens Bank & Trust Company, and FC Merger Subsidiary I, Inc., this stock option was cancelled and the reporting person received a cash payment equal to $5.15 per share minus the applicable exercise price of such stock option multiplied by each stock option held.