IVES MICHAEL S 4
4 · HERITAGE BANKSHARES INC /VA · Filed Feb 1, 2012
Insider Transaction Report
Form 4
IVES MICHAEL S
DirectorPresident & CEO
Transactions
- Award
Common Stock
2012-02-01+16,100→ 90,324 total
Footnotes (1)
- [F1]The shares of common stock reported herein will vest over five (5) years, at the rate of 20% per year. Until the shares of common stock vest, they may not be sold, transferred, pledged, assigned or otherwise disposed. In the event of the reporting person's termination of employment for any reason other than death, permanent disability or retirement, all unvested shares of common stock shall be automatically forfeited.