0001140361-17-014543.txt : 20170404 0001140361-17-014543.hdr.sgml : 20170404 20170404132946 ACCESSION NUMBER: 0001140361-17-014543 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: Mehra Rajesh CENTRAL INDEX KEY: 0001474080 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-24159 FILM NUMBER: 17737209 MAIL ADDRESS: STREET 1: 111 WEST WASHINGTON STREET CITY: MIDDLEBURG STATE: VA ZIP: 20117 4 1 doc1.xml FORM 4 X0306 4 2017-04-01 1 0000914138 MIDDLEBURG FINANCIAL CORP MBRG 0001474080 Mehra Rajesh 111 WEST WASHINGTON STREET MIDDLEBURG VA 20117 0 1 0 0 EVP & Chief Financial Officer Common Stock 2017-04-01 4 F 0 4331 40.04 D 16811 D Common Stock 2017-04-01 4 D 0 16811 D 0 D Employee Stock Option 14.00 2017-04-01 4 D 0 5000 26.04 D 2019-11-01 Common Stock 5000 0 D 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 November 2, 2010, 25% on November 2, 2011 and the remaining 50% on November 2, 2012, was cancelled in the merger in exchange for a cash payment of $130,200, 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