0001140361-17-014535.txt : 20170404 0001140361-17-014535.hdr.sgml : 20170404 20170404131936 ACCESSION NUMBER: 0001140361-17-014535 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170401 FILED AS OF DATE: 20170404 DATE AS OF CHANGE: 20170404 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MIDDLEBURG FINANCIAL CORP CENTRAL INDEX KEY: 0000914138 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 541696103 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 111 W WASHINGTON ST STREET 2: C/O MIDDLEBURG BANK CITY: MIDDLEBURG STATE: VA ZIP: 22117 BUSINESS PHONE: 5406876377 MAIL ADDRESS: STREET 1: 111 WEST WASHINGTON STREET STREET 2: C/O MIDDLEBURG BANK CITY: MIDDLEBURG STATE: VA ZIP: 22117 FORMER COMPANY: FORMER CONFORMED NAME: INDEPENDENT COMMUNITY BANKSHARES INC DATE OF NAME CHANGE: 19931027 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CULVER JEFFREY CENTRAL INDEX KEY: 0001401320 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-24159 FILM NUMBER: 17737151 MAIL ADDRESS: STREET 1: 111 W WASHINGTON ST CITY: MIDDLEBURG STATE: VA ZIP: 22117 4 1 doc1.xml FORM 4 X0306 4 2017-04-01 1 0000914138 MIDDLEBURG FINANCIAL CORP MBRG 0001401320 CULVER JEFFREY 111 W WASHINGTON STREET MIDDLEBURG VA 20117 0 1 0 0 EVP and COO Common Stock 2017-04-01 4 F 0 8427 40.04 D 36008 D Common Stock 2017-04-01 4 D 0 36008 D 0 D Employee Stock Option 14.00 2017-04-01 4 D 0 5073 26.04 D 2019-03-16 Common Stock 5073 0 D Corrected to reflect shares that were inadvertently omitted from previous Forms 4 filed by the reporting person. Effective April 1, 2017, pursuant to an Agreement and Plan of Reorganization, dated as of October 21, 2016 (the "Merger Agreement"), by and among Middleburg Financial Corporation ("Middleburg") and Access National Corporation ("Access"), Middleburg merged with and into Access, with Access as the surviving company (the "Merger"). In the Merger, each share of Middleburg's common stock converted into 1.3314 shares of Access's common stock. This option, which vested 25% on March 16, 2010, 25% on March 16, 2011 and the remaining 50% on March 16, 2012, was cancelled in the merger in exchange for a cash payment of $132,100, representing the difference between the closing price of Middleburg common stock on March 31, 2017 of $40.04 and the exercise price of the option. Peggy P. Cook, Power of Attorney 2017-04-04