FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 05/28/2008 |
3. Issuer Name and Ticker or Trading Symbol
Community Bankers Trust CORP [ BTC ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 1,100,000(4) | I | By Subsidiary(1) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Option (Right to Acquire) | 06/08/2009(2) | 06/07/2010(2) | Common Stock | 275,000 | $0.01 | I | By Subsidiary(1) |
Option (Right to Acquire) | 06/08/2009(2) | 06/07/2010(2) | Warrant(3) | 275,000 | $0.1 | I | By Subsidiary(1) |
Explanation of Responses: |
1. The reported securities are held directly by certain funds (each, a "Fund" and collectively, the "Funds") managed by indirect subsidiary entities of the reporting person. FrontPoint Partners LLC ("FPP"), an indirect wholly owned subsidiary of the reporting person is the parent company of each entity that is the investment manager of one or more of the Funds. This form is filed without prejudice to the reporting person's position that none of the Funds nor FPP or any of its subsidiaries, nor the reporting person, individually or in aggregate, are required to file beneficial ownership reports under Section 16(a) of the a Securities Exchange Act of 1934, and should not be construed or interpreted as a concession or admission that such reports are required. |
2. The option becomes exercisable sooner if there is a "Fundamental Transaction" affecting the issuer, as defined under the terms of the option and, in the case of the option to acquire warrants, if the warrants are called by the issuer in accordance with their terms. The options remain exercisable for one year after becoming exercisable. The right to exercise is further limited by the amount of common shares reported on Table I held by the reporting person at the time of exercise. |
3. The warrant represents the right to buy one share of common stock for $5.00 and expires June 11, 2011. |
4. Subsequent to the purchases reported herein, on June 2, 2008 the issuer announced the consummation, on May 31, 2008, of two mergers, pursuant to which additional shares of stock of the issuer were issued. Based on preliminary information regarding the number of shares of issuer common stock outstanding after these transactions, the reporting person believes that its percentage ownership as of the date of this filing is less than 5%. Unless this belief is shown to be in error by subsequent information as to outstanding shares, the reporting person will make no further filings under Section 16(a) in respect of the positions reported herein. |
Morgan Stanley, By: /s/ Dennine Bullard, Authorized Signatory | 06/09/2008 | |
** 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 5 (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. |