Filing Details
- Accession Number:
- 0001140361-16-082833
- Form Type:
- 13D Filing
- Publication Date:
- 2016-10-17 12:29:06
- Filed By:
- Crites John W
- Company:
- Summit Financial Group Inc. (NASDAQ:SMMF)
- Filing Date:
- 2016-10-17
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Crites John | 0 | 498,331 | 0 | 286,823 | 498,331 | 4.59% |
Filing
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
(Amendment
No.
32
)*
Summit Financial Group
(Name of
Issuer)
Common
(Title of
Class of Securities)
86606g
(CUSIP
Number)
Teresa Ely,
Summit Financial Group
PO Box 179
Moorefield,
West Virginia
26836
Phone : 304-530-1000
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
September 30, 2016
(Date of
Event which Requires Filing of this Statement)
If the
filing person has previously filed a statement on Schedule 13G to report the
acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box.
o
Note: Schedules filed in paper
format shall include a signed original and five copies of the schedule,
including all exhibits. See §240.13d-7 for other parties to whom copies are to
be sent.
* The
remainder of this cover page shall be filled out for a reporting person’s
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The
information required on the remainder of this cover page shall not be deemed to
be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934
(“Act”) or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the
Notes).
1 |
NAMES
OF REPORTING PERSONS
| ||||
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
| |||||
Crites John | |||||
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
| (a) | o | ||
(b) | x | ||||
3 |
SEC
USE ONLY
| ||||
4 |
SOURCE
OF FUNDS
| ||||
PF
OO | |||||
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e)
or 2(f)
| o | |||
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
| ||||
United States | |||||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 |
SOLE
VOTING POWER
| |||
0 | |||||
8 |
SHARED
VOTING POWER
| ||||
498,331 | |||||
9 |
SOLE
DISPOSITIVE POWER
| ||||
0 | |||||
10 |
SHARED
DISPOSITIVE POWER
| ||||
286,823 | |||||
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
| ||||
498,331 | |||||
12 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
| o | |||
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
| ||||
4.59%
| |||||
14 |
TYPE
OF REPORTING PERSON
| ||||
IN | |||||
The Percent of class calculation is based on 10,856,356 shares of Common Stock, par value $2.50 per share of Summit Financial Group, Inc., as of July 31, 2016.
Item 1. | Security and Issuer |
This Amendment No. 32 to the Schedule 13D is being filed by John W. Crites to amend the Schedule 13D filed by Mr. Crites on March 31, 2009, as previously amended by Amendments Nos. 1-31, relating to the Common Stock, par value $2.50 per share (the "Common Stock"), of Summit Financial Group, Inc., a West Virginia corporation.
Percentage of class calculations in this Amendment No. 32 are based on 10,856,356 outstanding shares of Common Stock, as of July 31, 2016 |
Item 2. | Identity and Background |
(a) | No Change |
(b) | Item 2 (b) is hereby amended to add the following:
The Maderia Unit 905 350 South Collier Blvd. Marco Island, Florida 34145 |
(c) | No Change |
(d) | No Change |
(e) | No Change |
(f) | No Change |
Item 3. |
Source
and Amount of Funds or Other Consideration
|
No Change |
Item 4. |
Purpose
of Transaction
|
No Change |
(a) | No Change |
(b) | No Change |
(c) | No Change |
(d) | No Change |
(e) | No Change |
(f) | No Change |
(g) | No Change |
(h) | No Change |
(i) | No Change |
(j) | No Change |
Item 5. |
Interest
in Securities of the Issuer
|
(a) | Item 5(a) is hereby amended as follows:
Mr. Crites beneficially owns an aggregate of 498,331 shares or 4.59% of the outstanding Common Stock. |
(b) | Item 5(b) is hereby amended as follows:
Mr. Crites has sole voting and dispositive power over none of the Common Stock. He shares voting and dispositive power over 498,331 shares of Common Stock with his spouse, Patricia A. Crites, which includes 26,872 shares of Common Stock owned individually by Mr. Crites and 151,430 shares of Common Stock owned individually by Mrs. Crites. Mr. Crites also shares with Mrs. Crites voting, but not dispositive power, over 211,508 of shares of Common Stock, under two trusts for the benefit of their grandchildren as described in Item 6. |
(c) | Item 5(c) is hereby amended to add the following:
On September 30, 2016, Mr. Crites and Mrs. Crites were replaced as co-trustees of seven of the nine subtrusts created for the future health, maintenance and education of their grandchildren, effectively reducing Mr. Crites’ aggregate beneficial ownership of Common Stock by the 227,511 shares that are held in such trusts. |
| Transaction Date | Shares or Units Purchased (Sold) | Price Per Share or Unit |
(d) | Item 5(d) is hereby amended as follows:
Mr. Crites' spouse has the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock with respect to which Mr. Crites and his spouse share beneficial ownership. |
(e) | Item 5(e) is hereby amended as follows:
Mr. Crites ceased to be the beneficial owner of more than five percent of the outstanding Common Stock on September 30, 2016. |
Item 6. |
Contracts,
Arrangements, Understandings or Relationships with Respect to Securities
of the Issuer
|
Item 6 is hereby amended to add the following:
On September 30, 2016, Mr. Crites and Mrs. Crites were replaced as co-trustees of seven of the nine subtrusts created for the future health, maintenance and education of their grandchildren, effectively reducing Mr. Crites’ aggregate beneficial ownership of Common Stock by the 227,511 shares that are held in such trusts. |
Item 7. |
Material
to Be Filed as Exhibits
|
2016 Instrument of Resignation and Appointment of John W. Crites II as Successor Trustee
2016 Instrument of Resignation and Appointment of Valerie A. Mongold as Successor Trustee. 2016 Instrument of Resignation and Appointment of Kelly S. Crites as Successor Trustee. |
Signature
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this statement is true,
complete and correct.
Summit Financial Group, Inc. | |||
October 17, 2016 | By: |
/s/
Teresa D. Ely | |
Lmtd POA Attorney-In-Fact | |||
The
original statement shall be signed by each person on whose behalf the statement
is filed or his authorized representative. If the statement is signed on behalf
of a person by his authorized representative (other than an executive officer or
general partner of the filing person), evidence of the representative’s
authority to sign on behalf of such person shall be filed with the statement:
provided, however, that a power of attorney for this purpose which is already on
file with the Commission may be incorporated by reference. The name and any
title of each person who signs the statement shall be typed or printed beneath
his signature.
Footnotes:
Attention:
Intentional misstatements or omissions of fact constitute Federal criminal
violations (See 18 U.S.C. 1001)