Apple REIT Ten
The downtown REIT closed on the purchase of three hotels. They include a Hampton Inn & Suites in Colorado, and a Courtyard and Residence Inn in Tennessee. The total acquisition price was $62.5 million.
C&F Financial (CFFI)
CFO Tom Cherry exercised options for 1,000 shares at $42 per share. He then sold the shares at $53.11 per share.
Bryan McKernon, president of C&F Mortgage, exercised options for 200 shares at $42 each. The shares were then sold at $53.07 each.
Dominion Resources (D)
William Barr, a director, acquired 3,100 shares at $65.54 per share for a total of $203,000.
Genworth Financial (GNW)
Michael Laming, a senior vice president, exercised stock appreciation rights for 66,666 shares at $7.80 per share. He then sold 45,910 shares at market price for a total of $669,000.
Joseph Pehota, senior vice president, exercised stock appreciation rights for 25,549 shares at $7.80 per share. He then sold 17,709 shares at $14.59 per share or $258,000.
James River Coal (JRCC)
The company said it idled four mines at its Buckeye complex in eastern Kentucky resulting in the furlough of approximately 200 employees and contractors. It said the mining complex should restart in 2014 depending on market conditions. That announcement follows a $25.5 million loss for the company in the third quarter.
MeadWestvaco (MWV)
Wendell Willkie II, the company’s general counsel, exercised options for 22,567 shares at $25.34. He then sold the shares for $33.98 each for a total of $766,000.
Media General (MEG)
Upon closing its merger this week with New Young Broadcasting, Media General repaid in full all outstanding loans that were owed under a credit agreement to an affiliate of Berkshire Hathaway. The debt consisted of $301.5 million in term loans and $30 million in revolving loans and approximately $43.7 million in prepayment premiums. The merger triggered an obligation to repay the Berkshire credit.
Union First Market Bankshares (UBSH)
Ronald Tillett, a director, acquired 3,000 shares for a total of $73,600.
Universal Corp. (UVV)
Thomas Johnson, a director, sold 1,425 shares at $50.33 per share for a total of $71,720.
John Adams Jr., a director, sold 300 shares at $50.68 per share.
Preston Wigner, the company’s general counsel, exercised rights for 2,534 shares at $39.71 per share. He then sold 7,168 at $50.68 per share for a total of $363,000.
Apple REIT Ten
The downtown REIT closed on the purchase of three hotels. They include a Hampton Inn & Suites in Colorado, and a Courtyard and Residence Inn in Tennessee. The total acquisition price was $62.5 million.
C&F Financial (CFFI)
CFO Tom Cherry exercised options for 1,000 shares at $42 per share. He then sold the shares at $53.11 per share.
Bryan McKernon, president of C&F Mortgage, exercised options for 200 shares at $42 each. The shares were then sold at $53.07 each.
Dominion Resources (D)
William Barr, a director, acquired 3,100 shares at $65.54 per share for a total of $203,000.
Genworth Financial (GNW)
Michael Laming, a senior vice president, exercised stock appreciation rights for 66,666 shares at $7.80 per share. He then sold 45,910 shares at market price for a total of $669,000.
Joseph Pehota, senior vice president, exercised stock appreciation rights for 25,549 shares at $7.80 per share. He then sold 17,709 shares at $14.59 per share or $258,000.
James River Coal (JRCC)
The company said it idled four mines at its Buckeye complex in eastern Kentucky resulting in the furlough of approximately 200 employees and contractors. It said the mining complex should restart in 2014 depending on market conditions. That announcement follows a $25.5 million loss for the company in the third quarter.
MeadWestvaco (MWV)
Wendell Willkie II, the company’s general counsel, exercised options for 22,567 shares at $25.34. He then sold the shares for $33.98 each for a total of $766,000.
Media General (MEG)
Upon closing its merger this week with New Young Broadcasting, Media General repaid in full all outstanding loans that were owed under a credit agreement to an affiliate of Berkshire Hathaway. The debt consisted of $301.5 million in term loans and $30 million in revolving loans and approximately $43.7 million in prepayment premiums. The merger triggered an obligation to repay the Berkshire credit.
Union First Market Bankshares (UBSH)
Ronald Tillett, a director, acquired 3,000 shares for a total of $73,600.
Universal Corp. (UVV)
Thomas Johnson, a director, sold 1,425 shares at $50.33 per share for a total of $71,720.
John Adams Jr., a director, sold 300 shares at $50.68 per share.
Preston Wigner, the company’s general counsel, exercised rights for 2,534 shares at $39.71 per share. He then sold 7,168 at $50.68 per share for a total of $363,000.