Schwartz Lawrence W's Form 4/A amendment
AmendedFVCBankcorp, Inc. (FVCB) · filed Feb 24, 2023
- Accession no.
- 0001675644-23-000024
- Filed
- Feb 24, 2023
- Trade date
- Feb 14, 2023
- Filing delay
- 10 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Feb 16, 2023
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $182.9K. It was filed 10 days after the trade.
This amendment replaces 0001675644-23-000021 (filed Feb 16, 2023).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Schwartz Lawrence WCIK 0001215268 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 14, 2023 | Common Stock | MOption exerciseAcquired | +20,062 | $5.73 | +$114,955.26 | 29,688 | Direct | |
| Feb 14, 2023 | Common Stock | SSaleDisposed | −13,500 | $13.55 | −$182,925 | 16,188 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 14, 2023 | Common Stock | MOption exerciseDisposed | −20,062 | $5.73 | −$114,955.26 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
On February 16, 2023, the Reporting Person filed a Form 4 (the "Original Filing") that inadvertently reported a sale on February 14, 2023 of 13,500 shares of common stock beneficially owned indirectly through in his IRA. In fact, as reported in this amendment, the Reporting Person exercised an option on February 14, 2023 to purchase 20,062 shares of common stock to be held directly, and sold 13,500 of such shares on the same date.
- F2
On January 31, 2023, the Issuer effected a five-for-four stock split in the form of a dividend of common stock (the "Stock Split"), which resulted in the Reporting Person's direct beneficial ownership of issued and outstanding common stock being increased from 7,701 shares of common stock to 9,626 shares of common stock prior to the disclosed transaction. This amendment correctly reports the number of shares of common stock beneficially owned directly, which was incorrectly reported in the Original Filing.
- F3
As a result of the Stock Split, the Reporting Person's indirect beneficial ownership of common stock increased from 37,065 shares of common stock to 46,331 shares of common stock. This amendment correctly reports the number of shares of common stock beneficially owned indirectly, which was incorrectly reported in the Original Filing.