UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Cushing Robert B 5008 AIRPORT ROAD NW ROANOKE, VA 24012 |
 |  |  EVP, Commercial |  |
/s/ Rachel E. Geiersbach, as Attorney-in-Fact for Robert B. Cushing | 08/23/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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) | 1,435 of the reported securities represent unrestricted common stock of the registrant. |
(2) | 634 of the reported securities represent the unvested portion of a RSU equity award granted on 2/10/2014. The RSUs are subject to time vesting in three equal annual installments beginning one year from the grant date. Performance-based SARs, not reported on this Form 4, were also granted on 2/10/2014 and may vest on March 1, 2017, if the registrant achieves certain pre-determined financial performance targets, subject to certification by the registrant's Compensation Committee. In addition, if the registrant's financial performance exceeds the target levels, the reporting person may receive additional performance-based SARs up to a maximum of an additional 100% of the target level grant of performance-based SARs. |
(3) | 1,064 of the reported securities represent the unvested portion of a RSU equity award granted on 12/1/2014. The RSUs are subject to time vesting in three equal annual installments beginning one year from the grant date. Performance-based SARs, not reported on this Form 4, were also granted on 12/1/2014 and may vest on March 1, 2018, if the registrant achieves certain pre-determined financial performance targets, subject to certification by the registrant's Compensation Committee. In addition, if the registrant's financial performance exceeds the target levels, the reporting person may receive additional performance-based SARs up to a maximum of an additional 100% of the target level grant of performance-based SARs. |
(4) | 1,546 of the reported securities represent the unvested portion of a RSU equity award granted on 12/10/2015. The RSUs are subject to time vesting in three equal annual installments beginning one year from the grant date. Performance-based SARs, not reported on this Form 4, were also granted on 12/10/2015 and may vest on March 1, 2019, if the registrant achieves certain pre-determined financial performance targets, subject to certification by the registrant's Compensation Committee. In addition, if the registrant's financial performance exceeds the target levels, the reporting person may receive additional performance-based SARs up to a maximum of an additional 100% of the target level grant of performance-based SARs. |
 Remarks: This Form 3 was executed by Rachel E. Geiersbach as Attorney-in-Fact for Robert B. Cushing pursuant to the Power of Attorney attached hereto as exhibit 24. |