Jakeeta H. Plumley - Dec 3, 2021 Form 4 Insider Report for Community Bankers Trust Corp (ESXB)

Role
EVP & Dir. of H.R., Essex Bank
Signature
/s/ John M. Oakey, III by power of attorney
Stock symbol
ESXB
Transactions as of
Dec 3, 2021
Transactions value $
$0
Form type
4
Date filed
12/7/2021, 04:22 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ESXB Employee Stock Option Disposed to Issuer -10K -100% 0 Dec 3, 2021 Common Stock 10K $7.40 Direct F1, F6
transaction ESXB Employee Stock Option Disposed to Issuer -10K -100% 0 Dec 3, 2021 Common Stock 10K $8.45 Direct F2, F6
transaction ESXB Employee Stock Option Disposed to Issuer -20K -100% 0 Dec 3, 2021 Common Stock 20K $7.70 Direct F3, F6
transaction ESXB Employee Stock Option Disposed to Issuer -10K -100% 0 Dec 3, 2021 Common Stock 10K $9.45 Direct F4, F6
transaction ESXB Employee Stock Option Disposed to Issuer -15K -100% 0 Dec 3, 2021 Common Stock 15K $7.19 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jakeeta H. Plumley is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The option vested in four equal annual installments beginning on January 20, 2018.
F2 The option vested and was to vest in four equal annual installments beginning on January 19, 2019.
F3 The option vested and was to vest in four equal annual installments beginning on January 18, 2020.
F4 The option vested and was to vest in four equal annual installments beginning on January 17, 2021.
F5 The option was to vest in four equal annual installments beginning on January 15, 2022.
F6 The transaction reported is the disposition of derivative securities pursuant to the terms of the Agreement and Plan of Reorganization, dated June 2, 2021, by and between United Bankshares, Inc. ("United") and the Issuer, pursuant to which the Issuer was merged with and into United effective December 3, 2021 (the "Merger"). The option was assumed by United in the Merger, vesting in accordance with the terms of the award agreement, and replaced with an option to purchase shares of United's common stock equal to the number of shares of the Issuer's common stock subject to such option multiplied by 0.3173, at an exercise price equal to the exercise price of such option divided by 0.3173.