Key facts
- This page summarizes Michael Brian Adams's Form 4 filing for COMMUNITY FINANCIAL CORP /MD/.
- 3 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 03 Jul 2023, 15:02.
Michael Brian Adams - 01 Jul 2023 Form 4 Insider Report for COMMUNITY FINANCIAL CORP /MD/
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 01 Jul 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 03 Jul 2023, 15:02:03 UTC
- Prior SEC filing
- 11 May 2023
- Next SEC filing
- 27 Jul 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Christy Lombardi, Power of Attorney
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael Brian Adams filed Form 4 for COMMUNITY FINANCIAL CORP /MD/ on 03 Jul 2023.
Change
- Previous filing in this sequence was filed on 11 May 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
TCFC
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $0
- Shares
- -5,135
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 01 Jul 2023
- Ownership
- Direct
- Footnotes
- F1
TCFC
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $0
- Shares
- -297
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 01 Jul 2023
- Ownership
- By Restricted Stock Units
- Footnotes
- F2
TCFC
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $0
- Shares
- -3,167
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 01 Jul 2023
- Ownership
- By Roth IRA
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Michael Brian Adams is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 2 footnotes
Footnote F1
Disposed of in connection with the Agreement and Plan of Merger by and among the Issuer and Shore Bancshares, Inc. ("SHBI"), dated December 14, 2022 (the "Merger Agreement"), pursuant to which the Issuer was merged with and into SHBI on July 1, 2023 (the "Effective Time"). Pursuant to the Merger Agreement, as of the Effective Time, each issued and outstanding share of the Issuer's common stock was converted into the right to receive 2.3287 shares of SHBI common stock (the "Exchange Ratio") and cash in lieu of fractional shares. On June 30, 2023, the closing price of TCFC's common stock was $27.09 per share and the closing price of SHBI's common stock was $11.56 per share.
Footnote F2
At the Effective Time of the merger, pursuant to the terms of the Merger Agreement, each Issuer Restrictive Stock Unit was converted into a time-based restricted stock unit denominated in shares of SHBI common stock based on the Exchange Ratio (rounded to the nearest whole share) ("SHBI RSUs") and remain subject to the same terms and conditions as applied immediately prior to the Effective Time.