4//SEC Filing
Adkins Vance W. 4
Accession 0001437749-18-020963
CIK 0001461640other
Filed
Nov 14, 7:00 PM ET
Accepted
Nov 15, 5:45 PM ET
Size
5.4 KB
Accession
0001437749-18-020963
Insider Transaction Report
Form 4
Adkins Vance W.
EVP, Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2018-11-13$7.88/sh−5,000$39,400→ 0 totalExercise: $6.90Exp: 2024-12-18→ Common Stock (5,000 underlying)
Footnotes (1)
- [F1]On October 1, 2018, the Company and American National Bankshares, Inc. ("American National") announced a definitive agreement to combine in a strategic merger (the "Merger Agreement") pursuant to which the Company will merge with and into American National (the "Merger"). Pursuant to the Merger Agreement, the option, whether vested or unvested, was cancelled in exchange for a cash payment of $39,400, which represents the difference between closing stock price of $14.78 on November 13, 2018 and the exercise price of $6.90 per share. The option awards are exercisable one-fifth per year beginning 12/18/2015.
Documents
Issuer
HomeTown Bankshares Corp
CIK 0001461640
Entity typeother
Related Parties
1- filerCIK 0001570353
Filing Metadata
- Form type
- 4
- Filed
- Nov 14, 7:00 PM ET
- Accepted
- Nov 15, 5:45 PM ET
- Size
- 5.4 KB