Cordia Bancorp Inc 4
4 · Cordia Bancorp Inc · Filed Sep 1, 2016
Insider Transaction Report
Form 4
BARHAM O R JR
Pres. & CEO - Bank of Virginia
Transactions
- Disposition to Issuer
Common Stock
2016-08-31−12,357→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2016-08-31−20,000→ 0 totalExercise: $3.85From: 2016-08-05Exp: 2025-08-05→ Common Stock (20,000 underlying)
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.