Donald T. Robinson - 20 May 2021 Form 4 Insider Report for MVB FINANCIAL CORP (MVBF)

Role
EVP, CFO & Treasurer
Signature
Lisa J. McCormick, POA for Donald T. Robinson
Issuer symbol
MVBF
Transactions as of
20 May 2021
Net transactions value
+$168,024
Form type
4
Filing time
24 May 2021, 19:16:00 UTC
Next filing
27 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MVBF Common Stock Options Exercise $0 +1,126 +6.7% $0.000000 17,965 20 May 2021 Direct F1, F2, F3
transaction MVBF Common Stock Tax liability $0 -341 -1.9% $0.000000 17,624 20 May 2021 Direct
transaction MVBF Common Stock Options Exercise $168,024 +14,002 +79% $12.00 31,626 24 May 2021 Direct
holding MVBF Common Stock 2,000 20 May 2021 Shares held by Brent Robinson

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 MVBF RSU - Time-Vested Award Options Exercise $0 -1,102 -25% $0.000000 3,308 20 May 2021 Common Stock 3,308 $0.000000 Direct F1, F2
transaction MVBF Common Stock Options Exercise of in-the-money or at-the-money derivative security $0 -14,002 -100% $0.000000* 0 24 May 2021 Common Stock 0 $12.00 Direct F4
holding MVBF Common Stock Options 15,000 20 May 2021 Common Stock 15,000 $12.00 Direct F5
holding MVBF Common Stock Options 50,000 20 May 2021 Common Stock 50,000 $16.00 Direct F6
holding MVBF Common Stock Options 15,000 20 May 2021 Common Stock 15,000 $12.50 Direct F7
holding MVBF Common Stock Options 100,000 20 May 2021 Common Stock 100,000 $13.25 Direct F8
holding MVBF Common Stock Options 25,000 20 May 2021 Common Stock 25,000 $12.85 Direct F9
holding MVBF Common Stock Options 15,000 20 May 2021 Common Stock 15,000 $19.65 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1/5 of the restricted units, granted May 20, 2019, have vested and are being issued.
F2 The restricted units were granted pursuant to the 2013 Stock Incentive Plan (Amended) and have a five-year graded vesting schedule assuming continued employment with the Company.
F3 Includes 24 dividend equivalent shares accrued since the time of grant.
F4 Stock Options granted - 1/5 of the shares became exercisable 12/31/13, 12/31/14, 12/31/15, 12/31/16 and 12/31/17, respectively
F5 Stock Options granted - 1/5 of the shares became exercisable 01/01/14, 01/01/15, 01/01/16, 01/01/17 and 01/01/18, respectively
F6 Stock Options granted - 1/5 of the shares became exercisable 12/31/14, 12/31/15, 12/31/16, 12/31/17 and 12/31/18, respectively
F7 Stock Options granted - 1/5 of the shares became exercisable 02/03/17, 02/03/18, 02/03/19, 02/03/20 and 02/03/21, respectively
F8 Stock Options granted - 1/5 of the shares become exercisable 09/21/17, 09/21/18, 09/21/19, 09/21/20 and 09/21/21, respectively
F9 Stock Options granted - 1/5 of the shares become exercisable 03/21/18, 03/21/19, 03/21/20, 03/21/21 and 03/21/22, respectively
F10 Stock Options granted - 1/5 of the shares become exercisable 02/21/19, 02/21/20, 02/21/21, 02/21/22 and 02/21/23, respectively.