Sec Form 4 Filing - Plumley Jakeeta H. @ Community Bankers Trust Corp - 2021-12-03

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Plumley Jakeeta H.
2. Issuer Name and Ticker or Trading Symbol
Community Bankers Trust Corp [ ESXB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP & Dir. of H.R., Essex Bank
(Last) (First) (Middle)
9954 MAYLAND DRIVE, SUITE 2100
3. Date of Earliest Transaction (MM/DD/YY)
12/03/2021
(Street)
RICHMOND, VA23233
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
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
Employee Stock Option $ 7.4 12/03/2021 D 10,000 ( 1 ) 01/20/2027 Common Stock 10,000 ( 6 ) 0 D
Employee Stock Option $ 8.45 12/03/2021 D 10,000 ( 2 ) 01/19/2028 Common Stock 10,000 ( 6 ) 0 D
Employee Stock Option $ 7.7 12/03/2021 D 20,000 ( 3 ) 01/18/2029 Common Stock 20,000 ( 6 ) 0 D
Employee Stock Option $ 9.45 12/03/2021 D 10,000 ( 4 ) 01/17/2030 Common Stock 10,000 ( 6 ) 0 D
Employee Stock Option $ 7.19 12/03/2021 D 15,000 ( 5 ) 01/15/2031 Common Stock 15,000 ( 6 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Plumley Jakeeta H.
9954 MAYLAND DRIVE
SUITE 2100
RICHMOND, VA23233
EVP & Dir. of H.R., Essex Bank
Signatures
/s/ John M. Oakey, III by power of attorney 12/07/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The option vested in four equal annual installments beginning on January 20, 2018.
( 2 )The option vested and was to vest in four equal annual installments beginning on January 19, 2019.
( 3 )The option vested and was to vest in four equal annual installments beginning on January 18, 2020.
( 4 )The option vested and was to vest in four equal annual installments beginning on January 17, 2021.
( 5 )The option was to vest in four equal annual installments beginning on January 15, 2022.
( 6 )The transaction reported is the disposition of derivative securities pursuant to the terms of the Agreement and Plan of Reorganization, dated June 2, 2021, by and between United Bankshares, Inc. ("United") and the Issuer, pursuant to which the Issuer was merged with and into United effective December 3, 2021 (the "Merger"). The option was assumed by United in the Merger, vesting in accordance with the terms of the award agreement, and replaced with an option to purchase shares of United's common stock equal to the number of shares of the Issuer's common stock subject to such option multiplied by 0.3173, at an exercise price equal to the exercise price of such option divided by 0.3173.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.