Filing Details

Accession Number:
0001140361-14-044307
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-12-05 16:26:38
Reporting Period:
2014-12-03
Filing Date:
2014-12-05
Accepted Time:
2014-12-05 16:26:38
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
921590 Valley Financial Corp VYFC Savings Institution, Federally Chartered (6035) 541702380
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1332630 B Kimberly Snyder 36 Church Avenue Sw
Roanoke VA 24011
Evp No 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 2014-12-03 4,000 $12.50 14,000 No 4 M Direct
Common Stock Acquisiton 2014-12-03 1,250 $13.00 15,250 No 4 M Direct
Common Stock Acquisiton 2014-12-03 1,250 $12.20 16,500 No 4 M Direct
Common Stock Acquisiton 2014-12-03 5,000 $12.20 21,500 No 4 M Direct
Common Stock Acquisiton 2014-12-03 2,680 $6.00 24,180 No 4 M Direct
Common Stock Disposition 2014-12-03 14,180 $19.75 10,000 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (right to buy) Disposition 2014-12-03 4,000 $0.00 4,000 $12.50
Common Stock Employee Stock Option (right to buy) Disposition 2014-12-03 1,250 $0.00 1,250 $13.00
Common Stock Employee Stock Option (right to buy) (Common Stock) Disposition 2014-12-03 1,250 $0.00 1,250 $12.20
Common Stock Employee Stock Option (right to buy) (Common Stock) Disposition 2014-12-03 5,000 $0.00 5,000 $12.20
Common Stock Employee Stock Option (right to buy) (Common Stock) Disposition 2014-12-03 2,680 $0.00 2,680 $6.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2015-07-05 No 4 M Direct
0 2015-08-10 No 4 M Direct
0 2017-03-12 No 4 M Direct
0 2017-03-12 No 4 M Direct
1,000 2018-12-29 No 4 M Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.70 to $19.80, inclusive. The reporting person undertakes to provide to Valley Financial Corporation, any security holder of Valley Financial Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  2. The option, representing a right to purchase a total of 4,000 shares, became exercisable in five annual installments beginning on July 5, 2006, which was the first anniversary of the date on which the option was granted.
  3. The option, representing a right to purchase a total of 1,250 shares, became exercisable in five annual installments beginning on August 10, 2006, which was the first anniversary of the date on which the option was granted.
  4. The option, representing a right to purchase a total of 1,250 shares, became exercisable in five annual installments beginning on August 31, 2007.
  5. The option, representing a right to purchase a total of 5,000 shares, became exercisable in five annual installments beginning on March 12, 2008, which was the first anniversary of the date on which the option was granted.
  6. The option, representing a right to purchase a total of 4,000 shares, became exercisable in five annual installments beginning on December 30, 2009, which was the first anniversary of the date on which the option was granted.