Kelley Scot A. 4
4 · PREMIER FINANCIAL BANCORP INC · Filed Sep 17, 2021
Insider Transaction Report
Form 4
Kelley Scot A.
VP Credit Adminstration
Transactions
- Disposition to Issuer
PFBI Common Stock
2021-09-17−27,644→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2021-09-17−1,300→ 0 totalExercise: $15.57Exp: 2029-03-20→ PFBI Common (1,300 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2021-09-17−2,600→ 0 totalExercise: $8.50Exp: 2030-03-18→ PFBI Common (2,600 underlying)
Footnotes (3)
- [F1]PFBI Common Stock disposed pursuant to merger agreement between issuer and Peoples Bancorp Inc in exchange for 16,033 shares of Peoples common stock having a market value of $30.59 per share on the effective date of the merger.
- [F2]This option, which provided for vesting in three equal annual installments beginning on 03/18/2021, was canceled in the merger in exchange for a cash payment of $23,998 representing the difference between the exercise price of the option and market value of Peoples common stock times the merger agreement exchange ratio of 0.58 shares for each PFBI common share in accordance with the merger agreement.
- [F3]This option, which provided for vesting in three equal annual installments beginning on 03/20/2020, was canceled in the merger in exchange for a cash payment of $2,808, representing the difference between the exercise price of the option and market value of Peoples common stock times the merger agreement exchange ratio of 0.58 shares for each PFBI common share in accordance with the merger agreement.