VIRGINIA COMMERCE BANCORP INC 4
4 · VIRGINIA COMMERCE BANCORP INC · Filed Sep 11, 2013
Insider Transaction Report
Form 4
MITCHELL NORRIS E
Director
Transactions
- Exercise of In-Money
Common Stock
2013-09-10$6.83/sh+600,000$4,098,000→ 600,000 total(indirect: By LLC) - Tax Payment
Common Stock
2013-09-10$15.58/sh−133,312$2,077,001→ 972,597 total - Exercise of In-Money
Common Stock Warrant
2013-09-10−600,000→ 0 total(indirect: By LLC)Exercise: $6.83From: 2008-09-24Exp: 2013-09-24→ Common Stock (600,000 underlying)
Footnotes (1)
- [F1]Reflects surrender of shares to the issuer in partial satisfaction of the exercise price of the warrant. The surrendered shares were subject to the Support Agreement dated January 29, 2013 between the reporting person and United Bankshares, Inc. ("United"); however, United consented in writing to the reporting person's surrender of these shares for the exercise of this warrant.