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