Owens Patricia L Form 4 SUMMIT FINANCIAL / Patricia L Owens ownership change

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^*

Owens Patricia L

(Last) (First) (Middle)

9328 EAGLE CT.

(Street)

MANASSAS PARK VA 20111

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SUMMIT FINANCIAL GROUP INC [ SMMF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Ex. VP & Chief Banking Officer

3. Date of Earliest Transaction (Month/Day/Year)
04/29/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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	04/29/2020(3)		J(4)		720.1001	A	$0.00	5,636.1837	I	By ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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
Employee Stock Option (Right to Buy)	$18.26							11/13/2008(1)	11/13/2022(2)	Common Stock	300		300	D
Stock-Settled Stock Appreciation Rights	$12.01							04/22/2016(1)	04/23/2025	Common Stock	15,442		15,442	D
Stock-Settled Stock Appreciation Rights	$26.01							02/09/2018(1)	02/06/2027	Common Stock	4,945		4,945	D
Stock-Settled Stock Appreciation Rights	$23.94							02/07/2020(1)	02/07/2029	Common Stock	10,064		10,064	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 information reported herein is based on a plan statement dated 12/31/2019 received in April 2020.

4. Between January 1, 2019 and December 31, 2019, acquired 720.1001 shares of Summit Common Stock under the Summit Financial Group, Inc. Employee Stock Ownership Plan.

	Teresa D. Ely, Lmtd POA, Attorney-in-Fact	04/30/2020
	** 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).
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