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