Statement of Changes in Beneficial Ownership (4)
January 02 2020 - 4:06PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
FRYE PATRICK |
2. Issuer Name and Ticker or Trading Symbol
SUMMIT FINANCIAL GROUP INC
[
SMMF
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. VP & Chief of Credit Admin |
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(Last)
(First)
(Middle)
PO BOX 891 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/30/2019 |
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(Street)
MOOREFIELD, WV 26836
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | | | | | | | | 10314.9547 (3) | I | By ESOP |
| Common Stock | 12/30/2019 | | G |
V
| 500 | A | $0 | 1000 | I | As CUST for Grandchildren |
| Common Stock | 12/30/2019 | | G |
V
| 1600 | D | $0 | 29365 | D | |
| Common Stock | 12/31/2019 | | G |
V
| 1000 | D | $0 | 28365 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Employee Stock Option (Right to Buy) | $25.93 | | | | | | | 12/6/2005 | 12/7/2019 (2) | Common Stock | 0 | | 0 (4) | D | |
| Stock-Settled Stock Appreciation Rights | $12.01 | | | | | | | 4/22/2016 (1) | 4/23/2025 | Common Stock | 3522.6 | | 3522.6 | D | |
| Stock-Settled Stock Appreciation Rights | $26.01 | | | | | | | 2/9/2018 (1) | 2/9/2027 | Common Stock | 5604 | | 5604 | D | |
| Stock-Settled Stock Appreciation Rights | $23.94 | | | | | | | 2/7/2020 (1) | 2/7/2029 | Common Stock | 11515 | | 11515 | D | |
| Explanation of Responses: |
| (1) | Option and/or SAR vests in 5 equal annual installments with the beginning date indicated. |
| (2) | Option expires in 5 equal annual installments with the final date indicated. |
| (3) | The amount of securities beneficially owned changed due to a distribution of cash which is exempt from reporting under Rule 16b-3(c). |
| (4) | The number of Derivative Securities Beneficially Owned changed due to the expiration of 1600 stock options on December 7, 2019. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
FRYE PATRICK
PO BOX 891
MOOREFIELD, WV 26836 |
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| Sr. VP & Chief of Credit Admin |
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Signatures
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| Teresa D. Ely, Lmtd POA, Attorney-in-Fact | | 1/2/2020 |
| **Signature of Reporting Person | Date |
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