Filing Details

Accession Number:
0001567619-19-015525
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-07-31 15:40:33
Reporting Period:
2019-07-29
Accepted Time:
2019-07-31 15:40:33
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
1186827 Iii Charles H Maddy 300 North Main Street
Moorefield WV 26836
President & Ceo 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 Disposition 2019-07-29 8,561 $27.10 41,412 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 38,850 Indirect By Wife
Common Stock 25,684 Indirect By ESOP
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Option (Right to Buy) $25.93 2005-12-06 2019-12-07 2,400 2,400 Direct
Common Stock Stock-Settled Stock Appreciation Rights $12.01 2016-04-22 2025-04-23 20,910 20,910 Direct
Common Stock Stock-Settled Stock Appreciation Rights $26.01 2018-02-09 2027-02-09 15,668 15,668 Direct
Common Stock Stock-Settled Stock Appreciation Rights $23.94 2020-02-07 2029-02-07 31,597 31,597 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2019-12-07 2,400 2,400 Direct
2025-04-23 20,910 20,910 Direct
2027-02-09 15,668 15,668 Direct
2029-02-07 31,597 31,597 Direct
Footnotes
  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 reported holdings include stock acquired in dividend reinvestment transactions that are exempt from reporting under Rule 16a-11.
  4. Since the date of the reporting person's last ownership report, the reporting person has disposed of 8,561 shares held in ESOP pursuant to a diversification election made under the Internal Revenue Code.
  5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.76 to $27.35, inclusive. The reporting person undertakes to provide to Summit Financial Group, Inc., any security holder of Summit Financial Group, Inc. 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 above.