Sec Form 4 Filing - Welborn Wesley Miller @ SMARTFINANCIAL INC. - 2020-01-22

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
Welborn Wesley Miller
2. Issuer Name and Ticker or Trading Symbol
SMARTFINANCIAL INC. [ SMBK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman
(Last) (First) (Middle)
5401 KINGSTON PIKE SUITE 600
3. Date of Earliest Transaction (MM/DD/YY)
01/22/2020
(Street)
KNOXVILLE, TN37919
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/22/2020 A 4,400 ( 1 ) A $ 0 56,977 D
Common Stock 14,167 I By Margaret Polfrey Welborn Trust
Common Stock 14,167 I By Elizabeth Houston Welborn Trust
Common Stock 14,167 I By Ann Miller Welborn Trust
Common Stock 4,725 I By Spouse
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 6.6 03/01/2013( 2 ) 03/01/2022 Common Stock 2,500 2,500 D
Stock Option (right to buy) $ 9.6 03/01/2015( 2 ) 03/01/2024 Common Stock 2,500 2,500 D
Stock Option (right to buy) $ 9.48 03/01/2014( 2 ) 03/01/2023 Common Stock 1,250 1,250 D
Stock Option (right to buy) $ 15.05 09/30/2017( 2 ) 09/30/2025 Common Stock 1,025 1,025 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Welborn Wesley Miller
5401 KINGSTON PIKE SUITE 600
KNOXVILLE, TN37919
X Chairman
Signatures
Glen Allen, Jr., Attorney-in-Fact 01/24/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )Fully vested.

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