Robert A. Vernick - Jan 1, 2023 Form 4 Insider Report for EMCLAIRE FINANCIAL CORP (EMCF)

Role
SVP/CLO-Farmers National Bank
Signature
/s/ Robert A. Vernick
Stock symbol
EMCF
Transactions as of
Jan 1, 2023
Transactions value $
$0
Form type
4
Date filed
1/3/2023, 07:58 AM
Previous filing
Dec 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EMCF Common Stock Disposed to Issuer -4.82K -100% 0 Jan 1, 2023 Direct F1, F2
transaction EMCF Common Stock Disposed to Issuer -2.59K -100% 0 Jan 1, 2023 By 401(k) plan F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Robert A. Vernick is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to merger agreement among Issuer, Farmers National Bank Corp.("Farmers") and FMNB Merger Subsidiary V, LLC, a wholly owned subsidiary of Farmers, whereby each share of common stock of the Issuer was exchanged for either (i) 2.15 shares of common stock of Farmers or (ii) $40.00 in cash, at the election of the holder, subject to proration and allocation as set forth in the merger agreement.
F2 Includes shares acquired pursuant to a dividend reinvestment plan.