M. Adam Sarver - Nov 26, 2021 Form 4 Insider Report for FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)

Role
Director
Signature
M. Adam Sarver by: Sarah W. Harmon (His Attorney-in-Fact)
Stock symbol
FCBC
Transactions as of
Nov 26, 2021
Transactions value $
$0
Form type
4
Date filed
11/30/2021, 03:33 PM
Previous filing
Jul 13, 2021
Next filing
Dec 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCBC COMMON STOCK Disposed to Issuer -944 -0.85% 111K Nov 26, 2021 Direct F1
holding FCBC COMMON STOCK 872 Nov 26, 2021 Wife
holding FCBC COMMON STOCK 42K Nov 26, 2021 By Longview Properties, LLC F2
holding FCBC COMMON STOCK 2K Nov 26, 2021 Direct F3

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 +3.96K 3.96K Nov 26, 2021 COMMON STOCK 3.96K $33.00 Direct F1, F4
* 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 Holds a 50% ownership in the company.
F3 Mr. Sarver is the custodian of his daughters' accounts.
F4 Stock options vest in three equal installments over three years beginning with 03/31/2022.