HARRELL JAMES A JR 4
4 · YADKIN VALLEY FINANCIAL CORP · Filed Oct 26, 2012
Insider Transaction Report
Form 4
HARRELL JAMES A JR
Director
Transactions
- Purchase
Mandatorily Convertible Cumulative NonVoting Preferred Stock
[F2][F3][F4][F5]2012-10-24$1000.00/sh+10$10,000→ 12,194 totalExercise: $2.80→ Common Stock (3,571 underlying)
Holdings
- 68,041.316
Common Stock
- 12,184
Phantom Stock
[F1]→ Common Stock (12,184 underlying)
Footnotes (5)
- [F1]Each share of Phantom Stock is teh economic equivalent of one share of common stock. The shares of Phantom Stock become payable in common stock upon the reporting person's termination of service as a director. This acquisition was made through the Director's Deferred Compensation Plan administered by a third party.
- [F2]The full title of the Security is Mandatorily Convertible Cumulative Non-Voting Perpetual Preferred Stock, Series A
- [F3]Subject to shareholders' approval of the conversion into common stock
- [F4]The Series A Preferred Stock is convertible into common stock upon shareholder approval in accordance with the Articles of Amendment to the Articles of Incorporation
- [F5]The Series A Preferred Stock is perpetual, and thus, has no expiration date
Signature
James A. Harrell, Jr. by Patricia H. Wooten, POA|2012-10-26