Filing Details
- Accession Number:
- 0001140361-11-056275
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-12-06 13:46:49
- Reporting Period:
- 2011-12-05
- Filing Date:
- 2011-12-06
- Accepted Time:
- 2011-12-06 13:46:49
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 811808 | Summit Financial Group Inc | SMMF | State Commercial Banks (6022) | 550672148 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1186818 | M Oscar Bean | Po Box 30 Moorefield WV 26836 | Chairman | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2011-12-05 | 260 | $3.19 | 68,262 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2011-12-05 | 240 | $3.15 | 68,502 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct | |
| No | 4 | P | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 4,855 | Indirect | By Spouse |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Phantom Stock | $0.00 | 1,975 | 1,975 | Direct | ||
| Common Stock | 8% Non-Cumulative Convertible Preferred Stock, Series 2009 | $5.50 | 2010-03-01 | 2019-06-01 | 18,182 | 100 | Indirect |
| Preferred Stock | Subscription Rights (right to buy) | $500.00 | 2011-07-01 | 2011-10-31 | 200 | 200 | Direct |
| Common Stock | 8% Non-Cumulative Convertible Preferred Stock, Series 2011 | $4.00 | 2012-03-01 | 2021-06-01 | 25,000 | 25,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 1,975 | 1,975 | Direct | |
| 2019-06-01 | 18,182 | 100 | Indirect |
| 2011-10-31 | 200 | 200 | Direct |
| 2021-06-01 | 25,000 | 25,000 | Direct |
Footnotes
- Each share of phantom stock represents the economic equivalent of one share of Summit common stock.
- Shares of phantom stock are payable only in cash following termination of the reporting person's service as a director of Summit.
- The 2009 Series Preferred Stock and 2011 Series Preferred Stock may be converted at the holder's option on any dividend payment date.
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