SEC Form 4
FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol SUMMIT FINANCIAL GROUP INC [ SMMF ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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3. Date of Earliest Transaction (Month/Day/Year) 03/12/2015 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/Year) 03/16/2015 | 6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 03/12/2015 | C | 14,750(2) | A | $4 | 23,998(2) | I | by 401(k) Plan FBO Spouse | ||
Common Stock | 03/12/2015 | C | 18,181 | A | $5.5 | 42,179(3) | I | by 401(k) Plan FBO Spouse | ||
Common Stock | 03/12/2015 | C | 18,181(2) | A | $5.5 | 18,181(2) | I | By Sellaro Enterprises, Inc. |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) | 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: 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 | ||||||||
8% Non-Cumulative Convertible Preferred Stock, Series 2011 | $4 | 03/12/2015 | C | 14,750(1)(2) | 03/01/2012 | 06/01/2021 | Common Stock | 14,750(2) | $0 | 0 | I | By 401(k) Plan FBO Spouse | |||
8% Non-Cumulative Convertible Preferred Stock, Series 2009 | $5.5 | 03/12/2015 | C | 18,181(1)(2) | 03/01/2010 | 06/01/2019 | Common Stock | 18,181(2) | $0 | 0 | I | By Sellaro Enterprises, Inc. |
Explanation of Responses: |
1. The 2009 Series Preferred Stock and 2011 Series Preferred Stock converted to Common Stock on 3/12/2015. |
2. On March 12, 2015, the reporting person filed a Form 4 reporting the acquisition of 12,500 shares of Summit Stock as a result of the conversion of Summit preferred stock. The correct number was 14,750. The reporting person also did not report the indirect ownership of 18,181 shares of Summit Common stock acquired in the preferred stock conversion by Sellaro Enterprises, Inc., a company controlled by her spouse. |
3. This amendment is to correct the number of securities beneficially owned following the reported transaction from 39,929 to 42,179. |
Remarks: |
Teresa D. Ely, Lmtd POA Attorney-in-Fact | 07/23/2015 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |