Form 4 for FXNC FIRST NATIONAL CORP /VA/
Accepted 2021-07-06 00:00:00 ET · period of report 2021-07-01 · accession 0001253225-21-000006 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2021-07-06 | 2021-07-01 | FXNC | Holt George Edwin III | Dir | A - Grant | — | +37.9K | 15.5K | New | — |
| 2021-07-06 | 2021-07-01 | FXNC | Holt George Edwin III | Dir | A - Grant | — | +20.0K | 21.0K | +1,996% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, $1.25 par value | 2021-07-01 | A | A | 15,870 | — | 15,870 | I By Power of Attorney for Catharine Peaslee | — | — | (F6) For purposes of filing this Form 4, the number of shares of First National Corporation common stock is estimated based on the reporting person's election under the merger agreement and will be updated if the final number differs materially from this estimate. (F5) The closing price per common share of The Bank of Fincastle on the day immediately preceding the effective date of the merger was $3.25 per share, and the closing price per common share of First National Corporation on the effective date of the merger was $20.08 per share. (F3) Reflects common shares of First National Corporation received in exchange for 96,245 common shares of The Bank of Fincastle at the effective time of the merger of The Bank of Fincastle into First National Corporation, pursuant to the agreement and plan of merger between First National Corporation and The Bank of Fincastle. Represents an exchange ratio of 0.1649 First National Corporation common shares per common share of The Bank of Fincastle, with cash paid in lieu of fractional shares. |
| 2 | Common | Common Stock, $1.25 par value | 2021-07-01 | A | A | 6,596 | — | 6,596 | I By Borden's Run, LLC | — | — | (F6) For purposes of filing this Form 4, the number of shares of First National Corporation common stock is estimated based on the reporting person's election under the merger agreement and will be updated if the final number differs materially from this estimate. (F2) Reflects common shares of First National Corporation received in exchange for 40,000 common shares of The Bank of Fincastle at the effective time of the merger of The Bank of Fincastle into First National Corporation, pursuant to the agreement and plan of merger between First National Corporation and The Bank of Fincastle. Represents an exchange ratio of 0.1649 First National Corporation common shares per common share of The Bank of Fincastle, with cash paid in lieu of fractional shares. (F5) The closing price per common share of The Bank of Fincastle on the day immediately preceding the effective date of the merger was $3.25 per share, and the closing price per common share of First National Corporation on the effective date of the merger was $20.08 per share. |
| 3 | Common | Common Stock, $1.25 par value | 2021-07-01 | A | A | 15,463 | — | 15,463 | I | — | — | (F6) For purposes of filing this Form 4, the number of shares of First National Corporation common stock is estimated based on the reporting person's election under the merger agreement and will be updated if the final number differs materially from this estimate. (F5) The closing price per common share of The Bank of Fincastle on the day immediately preceding the effective date of the merger was $3.25 per share, and the closing price per common share of First National Corporation on the effective date of the merger was $20.08 per share. (F4) Reflects common shares of First National Corporation received in exchange for 93,775 common shares of The Bank of Fincastle at the effective time of the merger of The Bank of Fincastle into First National Corporation, pursuant to the agreement and plan of merger between First National Corporation and The Bank of Fincastle. Represents an exchange ratio of 0.1649 First National Corporation common shares per common share of The Bank of Fincastle, with cash paid in lieu of fractional shares. |
| 4 | Common | Common Stock, $1.25 par value | 2021-07-01 | A | A | 19,963 | — | 20,963 | D By Elizabeth Holt (spouse) | — | — | (F6) For purposes of filing this Form 4, the number of shares of First National Corporation common stock is estimated based on the reporting person's election under the merger agreement and will be updated if the final number differs materially from this estimate. (F5) The closing price per common share of The Bank of Fincastle on the day immediately preceding the effective date of the merger was $3.25 per share, and the closing price per common share of First National Corporation on the effective date of the merger was $20.08 per share. (F1) Reflects common shares of First National Corporation received in exchange for 121,075 common shares of The Bank of Fincastle at the effective time of the merger of The Bank of Fincastle into First National Corporation, pursuant to the agreement and plan of merger between First National Corporation and The Bank of Fincastle. Represents an exchange ratio of 0.1649 First National Corporation common shares per common share of The Bank of Fincastle, with cash paid in lieu of fractional shares. |