Sec Form 4 Filing - JENNINGS SCOTT C @ SUMMIT FINANCIAL GROUP INC - 2016-12-05

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
JENNINGS SCOTT C
2. Issuer Name and Ticker or Trading Symbol
SUMMIT FINANCIAL GROUP INC [ SMMF]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Sr. VP & COO
(Last) (First) (Middle)
PO BOX 438
3. Date of Earliest Transaction (MM/DD/YY)
12/05/2016
(Street)
MOOREFIELD, WV26836
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 17,120.324 I By ESOP
Common Stock 12/05/2016 M 880 A $ 9.49 1,234.1157 ( 3 ) D
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 (Right to Buy) $ 9.49 12/05/2016 M 880 12/06/2003 12/06/2017( 2 ) Common Stock 880 $ 9.49 1,760 D
Employee Stock Option (Right to Buy) $ 17.79 12/12/2004 12/12/2018( 2 ) Common Stock 4,200 4,200 ( 4 ) D
Emplolyee Stock Option (Right to Buy) $ 25.93 12/06/2005 12/07/2019( 2 ) Common Stock 6,400 6,400 ( 5 ) D
Employee Stock Option Plan (Right to Buy) $ 24.44 12/06/2005 12/06/2015( 2 ) Common Stock 0 0 ( 6 ) D
Stock-Settled Stock Appreciation Rights $ 12.01 04/22/2016( 1 ) 04/23/2025 Common Stock 17,947 17,947 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
JENNINGS SCOTT C
PO BOX 438
MOOREFIELD, WV26836
Sr. VP & COO
Signatures
Teresa D. Ely Lmtd POA, Attorney-in-Fact 12/06/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Option and/or SAR vests in 5 equal annual installments with the beginning date indicated.
( 2 )Option expires in 5 equal annual installments with the final date indicated
( 3 )The amount beneficially owned at the end of the month changed due to 2.454815 shares acquired through participation in the Company's dividend reinvestment program.
( 4 )The number of Derivative Securities Beneficially Owned changed due to the expiration of 1,400 stock options on December 12, 2015.
( 5 )The number of Derivative Securities Beneficially Owned changed due to the expiration of 1,600 stock options on December 7, 2015.
( 6 )The number of Derivative Securities Beneficially Owned changed due to the expiration of 10,000 stock options on December 6, 2015.

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).
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