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SMARTFINANCIAL INC. — Director's Dealing 2020
Jan 24, 2020
32627_dirs_2020-01-24_ee9b46a0-54aa-41c3-a334-b1db8d6f21d0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SMARTFINANCIAL INC. (SMBK)
CIK: 0001038773
Period of Report: 2020-01-22
Reporting Person: Welborn Wesley Miller (Director, Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-01-22 | Common Stock | A | 4400 | — | Acquired | 56977 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 14167 | Indirect |
| Common Stock | 14167 | Indirect |
| Common Stock | 14167 | Indirect |
| Common Stock | 4725 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right to buy) | $6.6 | 2022-03-01 | Common Stock (2500.0) | 2500 | Direct |
| Stock Option (right to buy) | $9.6 | 2024-03-01 | Common Stock (2500.0) | 2500 | Direct |
| Stock Option (right to buy) | $9.48 | 2023-03-01 | Common Stock (1250.0) | 1250 | Direct |
| Stock Option (right to buy) | $15.05 | 2025-09-30 | Common Stock (1025.0) | 1025 | Direct |
Footnotes
F1: On January 24, 2019, pursuant to the issuers 2015 Stock Incentive Plan (the "Plan"), the Board of Directors of the issuer approved grants of performance-based restricted stock (the "Restricted Stock Awards"). Up to 50% the restricted shares could be earned if the issuer achieved certain core diluted earnings per share targets for the fiscal year ending December 31, 2019, and up to 50% of the restricted shares could be earned if the issuer achieved certain core return on average assets targets for the 2019 fiscal year. On January 22, 2020, the Board of Directors determined that all performance goals were met and 100% of performance-based restricted stock was earned.
F2: Fully vested.