0001437749-24-014550.txt : 20240503 0001437749-24-014550.hdr.sgml : 20240503 20240503121102 ACCESSION NUMBER: 0001437749-24-014550 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240503 FILED AS OF DATE: 20240503 DATE AS OF CHANGE: 20240503 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BEAN OSCAR M CENTRAL INDEX KEY: 0001186818 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-16587 FILM NUMBER: 24911784 MAIL ADDRESS: STREET 1: PO BOX 179 CITY: MOOREFIELD STATE: WV ZIP: 26836 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SUMMIT FINANCIAL GROUP, INC. CENTRAL INDEX KEY: 0000811808 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 550672148 STATE OF INCORPORATION: WV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 300 NORTH MAIN ST CITY: MOOREFIELD STATE: WV ZIP: 26836 BUSINESS PHONE: 3045301000 MAIL ADDRESS: STREET 1: 300 NORTH MAIN ST CITY: MOOREFIELD STATE: WV ZIP: 26836 FORMER COMPANY: FORMER CONFORMED NAME: SUMMIT FINANCIAL GROUP INC DATE OF NAME CHANGE: 20000330 FORMER COMPANY: FORMER CONFORMED NAME: SOUTH BRANCH VALLEY BANCORP INC DATE OF NAME CHANGE: 19920703 4 1 rdgdoc.xml FORM 4 X0508 4 2024-05-03 1 0000811808 SUMMIT FINANCIAL GROUP, INC. SMMF 0001186818 BEAN OSCAR M PO BOX 30 MOOREFIELD WV 26836 1 1 Chairman of the Board 0 Common Stock 2024-05-03 4 M 0 2066.77 A 85400.77 D Common Stock 2024-05-03 4 D 0 85400.77 D 0 D Common Stock 2024-05-03 4 D 0 23344 D 0 I By Spouse Phantom Stock 2024-05-03 4 M 0 2066.77 D Common Stock 2066.77 0 D Shares of phantom stock are payable only in cash following termination of the reporting person's service as a director of Summit. Disposed of in accordance with the Agreement and Plan of Reorganization, dated as of August 24, 2023 the ("Merger Agreement"), by and between Summit Financial Group, Inc. ("Summit") and Burke & Herbert Financial Services Corp. ("Burke & Herbert") pursuant to which Summit was merged with and into Burke & Herbert effective May 3, 2024 ("the Merger"). At the effective time of the Merger, each issued and outstanding share of Summit common stock was converted into the right to receive 0.5043 shares of Burke &Herbert common stock (subject to the payment of cash in lieu of fractional shares) (the "Merger Consideration"). As a result of the Merger, the Reporting Person no longer beneficially owns, directly or indirectly, any shares of Summit common stock. Each share of phantom stock was the economic equivalent of one share of SMMF common stock. The reporting person settled his shares of phantom stock for cash. The price for the settlement of the phantom stock for cash is the market price of one share of SMMF common stock of $26.47 /s/ Teresa D Ely, Lmtd POA, Attorney-in-Fact 2024-05-03