0000883948-19-000032.txt : 20190205 0000883948-19-000032.hdr.sgml : 20190205 20190205165251 ACCESSION NUMBER: 0000883948-19-000032 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: 000-20293 FILM NUMBER: 19568614 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: Union Bankshares Corp CENTRAL INDEX KEY: 0000883948 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 540412820 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1051 EAST CARY STREET STREET 2: SUITE 1200 CITY: RICHMOND STATE: VA ZIP: 23219 BUSINESS PHONE: 800-990-4828 MAIL ADDRESS: STREET 1: 1051 EAST CARY STREET STREET 2: SUITE 1200 CITY: RICHMOND STATE: VA ZIP: 23219 FORMER COMPANY: FORMER CONFORMED NAME: UNION FIRST MARKET BANKSHARES CORP DATE OF NAME CHANGE: 20140424 FORMER COMPANY: FORMER CONFORMED NAME: Union Bankshares Corp DATE OF NAME CHANGE: 20140424 FORMER COMPANY: FORMER CONFORMED NAME: UNION FIRST MARKET BANKSHARES CORP DATE OF NAME CHANGE: 20100201 4 1 wf-form4_154940355603963.xml FORM 4 X0306 4 2019-02-01 0 0000883948 Union Bankshares Corp UBSH 0001292911 Clarke Michael W C/O UNION BANKSHARES CORPORATION 1051 EAST CARY STREET RICHMOND VA 23219 1 0 0 0 Common Stock 2019-02-01 4 A 0 548909 0 A 548909 D Common Stock 2019-02-01 4 A 0 69168 0 A 69168 I By spouse Common Stock 2019-02-01 4 A 0 59869 0 A 59869 I By spouse as Co-Trustee of spouse's parents Stock Option Right to Buy Common Stock 24.43 2019-02-01 4 A 0 1875 A 2019-02-01 2021-01-21 Common Stock 1875.0 1875 D Stock Option Right to Buy Common Stock 37.1 2019-02-01 4 A 0 7500 A 2019-02-01 2022-02-23 Common Stock 7500.0 7500 D Stock Option Right to Buy Common Stock 31.83 2019-02-01 4 A 0 11250 A 2019-02-01 2024-01-24 Common Stock 11250.0 11250 D Received in exchange for 731,879 shares of Access National Corporation ("Access") common stock in connection with the merger of Access with and into Union Bankshares Corporation ("Union") effective February 1, 2019 (the "Merger"). At the effective time of the Merger at 12:01 a.m. on February 1, 2019 (the "Effective Time"), each outstanding share of Access common stock converted into the right to receive 0.75 shares of Union common stock. On January 31, 2019, the last trading day before the Effective Time, the closing price of Access's common stock was $23.61 per share and the closing price of Union's common stock was $31.56 per share. All fractional share holdings were paid in cash. Received in exchange for 92,224 shares of Access common stock in connection with the Merger. At the Effective Time, each outstanding share of Access common stock converted into the right to receive 0.75 shares of Union common stock. On January 31, 2019, the last trading day before the Effective Time, the closing price of Access's common stock was $23.61 per share and the closing price of Union's common stock was $31.56 per share. All fractional share holdings were paid in cash. Received in exchange for 79,826 shares of Access common stock in connection with the Merger. At the Effective Time, each outstanding share of Access common stock converted into the right to receive 0.75 shares of Union common stock. On January 31, 2019, the last trading day before the Effective Time, the closing price of Access's common stock was $23.61 per share and the closing price of Union's common stock was $31.56 per share. All fractional share holdings were paid in cash. Received in the Merger in exchange for a stock option to acquire 2,500 shares of Access common stock for $18.32 per share. Received in the Merger in exchange for a stock option to acquire 10,000 shares of Access common stock for $27.82 per share. Received in the Merger in exchange for a stock option to acquire 15,000 shares of Access common stock for $23.87 per share. /s/ Rachael R. Lape, as attorney-in-fact for Michael W. Clarke 2019-02-05