BENTLEY RALPH L 4
4 · YADKIN VALLEY FINANCIAL CORP · Filed Jul 1, 2011
Insider Transaction Report
Form 4
BENTLEY RALPH L
Director
Transactions
- Purchase
Phantom Stock
2011-06-10$2.15/sh+1,392$2,993→ 15,073 total(indirect: By Deferred Compensation Plan)→ Common Stock (1,392 underlying)
Holdings
- 35,157.453
Common Stock
Footnotes (1)
- [F1]Each share of Phantom Stock is the economic equivalent of one share of common stock. The shares of Phantom Stock become payable in common stock, based on the director's retirement from the Board on 6/23/2011 and in accordance with the Directors Deferred Compensation Plan, on August 22, 2011. On 6/10/2011 the Plan Trustee purchased 1,392 shares of Phantom Stock, at $2.1499/share, with Dr. Bentley's deferred compensation from the 4th quarter 2010. Dr. Bentley retired from the Board at the Annual Meeting of Shareholders on 6/23/2011 and the total of the Phantom Stock reflects the total as of 6/23/2011.