FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
MVB FINANCIAL CORP [ MVBF ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 05/20/2021 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 05/20/2021(1)(2) | M | 1,126(3) | A(1) | $0 | 17,965 | D | |||
Common Stock | 05/20/2021 | F | 341 | D | $0 | 17,624 | D | |||
Common Stock | 05/24/2021 | M | 14,002 | A | $12 | 31,626 | D | |||
Common Stock | 2,000 | I | Shares held by Brent Robinson |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
RSU - Time-Vested Award | $0.0(2) | 05/20/2021 | M | 1,102(1)(2) | 05/20/2020(2) | (2) | Common Stock | 3,308 | $0 | 3,308 | D | ||||
Common Stock Options | $12 | 05/24/2021 | X | 14,002 | 12/31/2013(4) | 12/31/2022 | Common Stock | 0.0 | $0 | 0 | D | ||||
Common Stock Options | $12 | 01/01/2014(5) | 01/01/2023 | Common Stock | 15,000 | 15,000 | D | ||||||||
Common Stock Options | $16 | 12/31/2014(6) | 12/31/2023 | Common Stock | 50,000 | 50,000 | D | ||||||||
Common Stock Options | $12.5 | 02/03/2017(7) | 02/03/2026 | Common Stock | 15,000 | 15,000 | D | ||||||||
Common Stock Options | $13.25 | 09/21/2017(8) | 09/21/2026 | Common Stock | 100,000 | 100,000 | D | ||||||||
Common Stock Options | $12.85 | 03/21/2018(9) | 03/21/2027 | Common Stock | 25,000 | 25,000 | D | ||||||||
Common Stock Options | $19.65 | 02/21/2019(10) | 02/21/2028 | Common Stock | 15,000 | 15,000 | D |
Explanation of Responses: |
1. 1/5 of the restricted units, granted May 20, 2019, have vested and are being issued. |
2. 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. |
3. Includes 24 dividend equivalent shares accrued since the time of grant. |
4. 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 |
5. 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 |
6. 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 |
7. 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 |
8. 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 |
9. 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 |
10. 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. |
Remarks: |
Lisa J. McCormick, POA for Donald T. Robinson | 05/24/2021 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |