0001209191-19-007496.txt : 20190205
0001209191-19-007496.hdr.sgml : 20190205
20190205183640
ACCESSION NUMBER: 0001209191-19-007496
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190201
FILED AS OF DATE: 20190205
DATE AS OF CHANGE: 20190205
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Clarke Michael W
CENTRAL INDEX KEY: 0001292911
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-49929
FILM NUMBER: 19569319
MAIL ADDRESS:
STREET 1: C/O ACCESS NATIONAL CORPORATION
STREET 2: 1800 ROBERT FULTON DRIVE, SUITE 300
CITY: RESTON
STATE: VA
ZIP: 20191
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ACCESS NATIONAL CORP
CENTRAL INDEX KEY: 0001176316
STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
IRS NUMBER: 820545425
STATE OF INCORPORATION: VA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1800 ROBERT FULTON DR, SUITE 300
CITY: RESTON
STATE: VA
ZIP: 20191
BUSINESS PHONE: 7038712100
MAIL ADDRESS:
STREET 1: 1800 ROBERT FULTON DR, SUITE 300
CITY: RESTON
STATE: VA
ZIP: 20191
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-02-01
1
0001176316
ACCESS NATIONAL CORP
ANCX
0001292911
Clarke Michael W
C/O ACCESS NATIONAL CORPORATION
1800 ROBERT FULTON DRIVE, SUITE 300
RESTON
VA
20191
1
1
0
0
President, CEO
common stock
2019-02-01
4
D
0
731879.68
D
0
D
common stock
2019-02-01
4
D
0
92224.04
D
0
I
By spouse
common stock
2019-02-01
4
D
0
79826
D
0
I
By spouse as Co-Trustee of spouse's parents' trusts
options to purchase
18.32
2019-02-01
4
D
0
2500
D
2021-01-21
common stock
2500
0
D
options to purchase
27.82
2019-02-01
4
D
0
10000
D
2022-02-23
common stock
10000
0
D
options to purchase
23.87
2019-02-01
4
D
0
15000
D
2024-01-24
common stock
15000
0
D
Disposed of pursuant to the Agreement and Plan of Reorganization between Union Bankshares Corporation ("Union") and issuer, dated October 4, 2018, as amended on December 7, 2018 (the "Merger Agreement"), pursuant to which the issuer was merged with and into Union effective February 1, 2019 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of common stock of the issuer was converted into 0.75 shares of Union common stock, with cash paid in lieu of fractional shares. As a result of the Merger, the reporting person no longer beneficially owns directly or indirectly any shares of common stock of the issuer.
Pursuant to the Merger Agreement, each option to purchase shares of issuer's common stock that was outstanding and unexercised immediately prior to the effective time of the Merger automatically converted into a stock option to purchase shares of Union common stock, with the number of underlying shares and the exercise price determined as set forth in the Merger Agreement.
This option was converted into an option to purchase 1,875 shares of Union common stock for $24.43 per share.
This option was converted into an option to purchase 7,500 shares of Union common stock for $37.10 per share.
This option was converted into an option to purchase 11,250 shares of Union common stock for $31.83 per share.
Sheila M. Linton, as attorney-in-fact for Michael W. Clarke
2019-02-05