Gary R. Mills - 26 Nov 2021 Form 4 Insider Report for FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)

Role
President
Signature
Gary R. Mills by: Sarah W. Harmon (His Attorney-in-Fact)
Issuer symbol
FCBC
Transactions as of
26 Nov 2021
Net transactions value
$0
Form type
4
Filing time
30 Nov 2021, 15:28:22 UTC
Previous filing
06 Sep 2023
Next filing
26 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCBC COMMON STOCK Disposed to Issuer -3,768 -14% 22,691 26 Nov 2021 Direct F1, F2
holding FCBC COMMON STOCK 14,510 26 Nov 2021 Direct F2, F3
holding FCBC COMMON STOCK 6,601 26 Nov 2021 By Employee Stock Ownership & Savings Plan
holding FCBC COMMON STOCK 15,825 26 Nov 2021 By 401(k) Wrap Plan

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 FCBC STOCK OPTION Award +15,799 15,799 26 Nov 2021 COMMON STOCK 15,799 $33.00 Direct F1, F6
holding FCBC STOCK OPTION 865 26 Nov 2021 COMMON STOCK 865 $24.65 Direct F4, F5
holding FCBC STOCK OPTION 3,025 26 Nov 2021 COMMON STOCK 3,025 $29.15 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 26, 2021, the reporting person exchanged each of his unvested restricted stock awards for an equivalent 4.1931 unvested stock options per one restricted share, each with an exercise price equal to $33.00. These stock options will vest over a period of three years.
F2 Shares were transferred from individual account to joint account.
F3 Owned jointly with spouse.
F4 Stock options vest and become exercisable in seven equal annual installments beginning with the date listed.
F5 Stock options are exercisable until 5 years after retirement at or after age 62, disability or death. If employment is terminated other than by retirement at or after 62, disability or death vested options must be exercised within 90 days after the effective date of termination. Any option not exercised within such period shall be deemed cancelled.
F6 Stock options vest in three equal installments over three years beginning with 03/31/2022.