FIRST NATIONAL CORP /VA/ — Director's Dealing 2015

Jan 23, 2015

SEC Form 4/A — Form 4/A

Issuer: FIRST NATIONAL CORP /VA/ (FXNC)
CIK: 0000719402
Period of Report: 2014-11-21

Reporting Person: Smith Gerald F JR (Director, Former 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-21	Common Stock	S	245124	$6.2	Disposed	397779	Indirect
2014-11-21	Common Stock	S	245124	$6.2	Disposed	152655	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	500	Direct
Common Stock	900	Indirect
Common Stock	800	Indirect
Common Stock	800	Indirect
Common Stock	3100	Indirect
Common Stock	4600	Indirect

Footnotes

F1: On November 21,2014, the G.F. Smith Jr. Revocable Trust, of which the reporting person serves as trustee, sold 245,124 shares of the issuer's common stock each to two family trusts, of which the reporting person is not a trustee, for estate planning purposes.

F2: The Form 4 filed on November 25, 2014 disclosed an estimated sales price per share as of that date, which was subject to adjustment. This Form 4 discloses the final sales price per share as has been determined pursuant to a valuation performed by an independent financial advisor retained by the reporting person.

F3: The reporting person serves as a co-trustee of this irrevocable trust.

F4: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.