Mark Bias - Sep 17, 2021 Form 4 Insider Report for PREMIER FINANCIAL BANCORP INC (PFBI)

Role: Senior Vice President
Signature: /s/ J Mark Bias
Stock symbol: PFBI
Transactions as of: Sep 17, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/17/2021, 05:17 PM
Previous filing: Jun 9, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PFBI	PFBI Common Stock	Disposed to Issuer		-4.61K	-100%		0	Sep 17, 2021	Direct	F1

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	PFBI	Employee Stock Option (Right to Buy)	Disposed to Issuer	$0	-4.2K	-100%	$0.00^*	0	Sep 17, 2021	PFBI Common	4.2K	$8.50	Direct	F2
transaction	PFBI	Employee Stock Option (Right to Buy)	Disposed to Issuer	$0	-6.3K	-100%	$0.00^*	0	Sep 17, 2021	PFBI Common	6.3K	$15.57	Direct	F3
transaction	PFBI	Employee Stock Option (Right to Buy)	Disposed to Issuer	$0	-6.25K	-100%	$0.00^*	0	Sep 17, 2021	PFBI Common	6.25K	$15.12	Direct	F4
transaction	PFBI	Employee Stock Option (Right to Buy)	Disposed to Issuer	$0	-6.25K	-100%	$0.00^*	0	Sep 17, 2021	PFBI Common	6.25K	$15.21	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Mark Bias is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	PFBI Common Stock disposed pursuant to merger agreement between issuer and Peoples Bancorp Inc in exchange for 2,674 shares of Peoples common stock having a market value of $30.59 per share on the effective date of the merger.
F2	This option, which provided for vesting in three equal annual installments beginning on 03/18/2021, was canceled in the merger in exchange for a cash payment of $38,766, representing the difference between the exercise price of the option and market value of Peoples common stock times the merger agreement exchange ratio of 0.58 shares for each PFBI common share in accordance with the merger agreement.
F3	This option, which provided for vesting in three equal annual installments beginning on 03/20/2020, was canceled in the merger in exchange for a cash payment of $13,608, representing the difference between the exercise price of the option and market value of Peoples common stock times the merger agreement exchange ratio of 0.58 shares for each PFBI common share in accordance with the merger agreement.
F4	This option, which vested over three-year period from 03/21/2018 grant date and were fully vested on 03/21/2021, was canceled in the merger in exchange for a cash payment of $16,312, representing the difference between the exercise price of the option and market value of Peoples common stock times the merger agreement exchange ratio of 0.58 shares for each PFBI common share in accordance with the merger agreement.
F5	This option, which vested over three-year period from 03/15/2017 grant date and were fully vested on 03/15/2020, was canceled in the merger in exchange for a cash payment of $15,762, representing the difference between the exercise price of the option and market value of Peoples common stock times the merger agreement exchange ratio of 0.58 shares for each PFBI common share in accordance with the merger agreement.