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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
LONGEST GEORGE M JR 1325 TAPPAHANNOCK BOULEVARD PO BOX 965 TAPPAHANNOCK, VA 22560 |
X | President and CEO |
/s/ John M. Oakey, III by power of attorney | 05/24/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | This amount represents the grant of a "long-term restricted stock" award consistent with the provisions of the Interim Final Rule on TARP Standards for Compensation and Corporate Governance (the "TARP Interim Final Rule") that the U.S. Department of the Treasury ("Treasury") issued in June 2009. The shares of restricted stock will vest according to the following schedule: 25% on May 20, 2011, 25% on May 20, 2012, 25% on May 20, 2013 and 25% on May 20, 2014. The resulting shares of Common Stock received upon vesting will be subject to the restrictions on transfer included in the TARP Interim Final Rule's definition of "long-term restricted stock" until the Issuer repays all or a portion of the Treasury's Capital Purchase Program investment made under the Troubled Asset Relief Program. |