Guthrie John O 4
4 · HERITAGE BANKSHARES INC /VA · Filed Dec 28, 2006
Insider Transaction Report
Form 4
Guthrie John O
Chief Financial Officer
Transactions
- Award
Stock Option (right to buy)
2006-12-28+20,000→ 20,000 totalExercise: $16.65Exp: 2016-10-24→ Common Stock (20,000 underlying)
Footnotes (2)
- [F1]The option grant was approved by the Board of Directors of the Issuer on October 25, 2006, subject to shareholder approval of the stock option plan under which the option was granted (the "Stock Option Plan"). The Issuer's shareholders approved the Stock Option Plan on December 28, 2006.
- [F2]The options become exercisable at the rate of 20% commencing on December 31, 2007 and continuing on each subsequent December 31.