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

Role
VP Human Resources
Signature
/s/ Katrina Whitt
Stock symbol
PFBI
Transactions as of
Sep 17, 2021
Transactions value $
$0
Form type
4
Date filed
9/17/2021, 05:21 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFBI PFBI Common Stock Disposed to Issuer -18.1K -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 -2.1K -100% $0.00* 0 Sep 17, 2021 PFBI Common 2.1K $8.50 Direct F2
transaction PFBI Employee Stock Option (Right to Buy) Disposed to Issuer $0 -3.15K -100% $0.00* 0 Sep 17, 2021 PFBI Common 3.15K $15.57 Direct F3
transaction PFBI Employee Stock Option (Right to Buy) Disposed to Issuer $0 -3.13K -100% $0.00* 0 Sep 17, 2021 PFBI Common 3.13K $15.12 Direct F4
transaction PFBI Employee Stock Option (Right to Buy) Disposed to Issuer $0 -3.13K -100% $0.00* 0 Sep 17, 2021 PFBI Common 3.13K $15.21 Direct F5
transaction PFBI Employee Stock Option (Right to Buy) Disposed to Issuer $0 -1.13K -100% $0.00* 0 Sep 17, 2021 PFBI Common 1.13K $10.84 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Katrina Whitt 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 10,515 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 $19,383, 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 $6,804, 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 $8,156, 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 $7,881, 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.
F6 This option, which vested over three-year period from 03/16/2016 grant date and were fully vested on 03/16/2019, was canceled in the merger in exchange for a cash payment of $7,766, 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.