HALL THOMAS JOHNSTON 4
4 · YADKIN VALLEY FINANCIAL CORP · Filed May 29, 2009
Insider Transaction Report
Form 4
HALL THOMAS JOHNSTON
Director
Transactions
- Award
Common Stock
2009-05-26+3,503→ 3,503 total
Holdings
- 4,258
Stock Option
Exercise: $15.24From: 2009-04-17Exp: 2016-04-25→ Common Stock (4,258 underlying)
Footnotes (3)
- [F1]Received in connection with the merger of American Community Bancshares, Inc. (ACBA) into Yadkin Valley Financial Corporation (YAVY). In accordance with the Merger Agreement, the shareholder's elections, and the final calculation results, the shareholder received in exchange for 5,500 shares of ACBA common stock, cash consideration on 25.2036898% of the shares and 0.8517 shares of YAVY common stock for each of the remaining 4,114 shares of ACBA common stock, which resulted in the ownership of 3,503 shares of YAVY.
- [F2]In accordance with the Merger Agreement between ACBA and YAVY, stock option exercise price converted from $12.98 per share to $15.24 per share.
- [F3]In accordance with the Merger Agreement between ACBA and YAVY, the stock options converted from 5,000 ACBA options to 4,258 YAVY options.