Directors Betty Alewine and Marc Breslawsky each exercised options for 4,624 shares at $11.92 each or a total of $55,118. They each then sold those shares at market price for $30.46 a piece, or a total of $140,847.
As a result of ongoing bankruptcy proceedings, the local biotech firm was unable to file its quarterly financial statements by the required deadline. The company said that its Chapter 11 bankruptcy process delayed its appointment of Witt Mares as the company’s outside auditor and that it was therefore unable to file its first-quarter financials on time. CBI filed for Chapter 11 on Jan. 20 and is working its way toward becoming a public shell company.
Several shareholder proposals related to controversial areas of the electricity business were voted down at Dominion’s annual meeting May 12. The proposals that were not approved included a request for the company to provide a report related to its use of mountaintop removal coal mining, a request asking the company to set and pursue a goal to achieve 20 percent renewable electricity energy generation by 2024, a request for Dominion to provide a report on financial risks of continued reliance on coal and a request for the company to abandon investment in new nuclear construction.
Dominion’s directors were each awarded thousands of shares as part of their annual retainers for service to the board. Each share was valued at $47.65.
First Capital Bancorp
The holding company of First Capital Bank entered into what it called executive endorsement split dollar agreements pertaining to life insurance policies for its top two executives. For company CEO John Presley and President Bob Watts, First Capital is to acquire, own and hold life insurance policies that in case of their deaths would pay $2.16 million and $1.55 million, respectively, to their designated beneficiaries. First Capital would then be entitled to the remainder of the death proceeds but must also pay all related premiums.
Chief Risk Officer Michel Perreault sold 2,500 shares for $11.44 each or $28,600. He still owns more than 13,000 shares of Genworth stock.
Leon Roday, Genworth’s general counsel, sold 2,500 shares for $11.46 each. The sale was part of a previously approved trading plan.
Owens & Minor
CFO James Bierman exercised options for 15,000 shares at $22.63 each or a total of $339,450. He then sold 11,500 for $34.50 each or $396,750.
The Midlothian videogame maker said it was unable to file its first-quarter financial reports in time to meet the required deadline. It said the report could not be completed without unreasonable effort or expense.
Union First Market Bankshares
Director Hunter Morin disposed of 100 shares as a gift to a family friend.
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