0001437749-24-014564.txt : 20240503
0001437749-24-014564.hdr.sgml : 20240503
20240503121729
ACCESSION NUMBER: 0001437749-24-014564
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: PICCIRILLO CHARLES
CENTRAL INDEX KEY: 0001186833
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-16587
FILM NUMBER: 24911818
MAIL ADDRESS:
STREET 1: PO BOX 38
CITY: MADISON
STATE: WV
ZIP: 25130
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
0001186833
PICCIRILLO CHARLES
PO BOX 38
MADISON
WV
25130
1
0
Common Stock
2024-05-03
4
M
0
7793.94
A
43136.60060
D
Common Stock
2024-05-03
4
D
0
43136.60060
D
0
D
Common Stock
2024-05-03
4
D
0
626.1225
D
0
I
By Spouse
Common Stock
2024-05-03
4
D
0
9614
D
0
I
By Anggus Enterprises
Non-Cumulative Perpetual Preferred Stock, Series 2021
2024-05-03
4
D
0
10
D
0
D
Phantom Stock
2024-05-03
4
M
0
7793.94
D
Common Stock
7793.94
0
D
The reported holdings include stock acquired in dividend reinvestment transactions that are exempt from reporting under Rule 16a-11.
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.
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.
Disposed of in accordance with the Merger. At the effective time of the Merger, each share of 6.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series 2021 was converted into the right to receive a share of a newly created series of preferred stock of Burke & Herbert, the Burke & Herbert Series 2021 Preferred Stock.
/s/ Teresa D Ely, Lmtd POA, Attorney-in-Fact
2024-05-03