Trading Day: Inside the SEC filings for 12.15.2011

Apple REITs
Apple REIT Ten entered into a $9.4 million purchase contract for all of the ownership interests in Sunbelt-FTH, LLC, which owns a hotel under construction in Tallahassee, Fla. The hotel will be a 97-room Fairfield Inn & Suites.

Mackenzie Patterson Fuller, a California investment firm that for months has been trying to persuade the REITs shareholders to sell their shares, was able to purchase 8,106 shares of Apple REIT Six for $5 each. It originally sought to buy 500,000 shares, or $2.5 million worth. The firm also wanted to get its hands on 500,000 shares each of Apple REIT Seven and Eight for $4 per share. It ended up with 25,989 shares of Seven and 2,193 shares of Eight.

C&F Financial
Bryan McKernon, president of one of the company’s subsidiaries, exercised options for 3,000 shares at $19.05 each.

Media General
Timothy Mulvaney will become the company’s chief accounting officer effective Jan. 1. He’ll replace Stephen Dickinson, who previously announced he would retire Dec. 31. Mulvaney has been the company’s controller since 2009.

Owens & Minor
President and chief executive Craig Smith exercised options for 25,000 shares at $19.96 each. He then sold those shares at market price for $29.01. He still owns more than 340,000 shares of O&M stock.

Union First Market Bankshares
Ronald Hicks, a director, sold 325 shares for $12.68 each. He directly owns more than 75,000 shares.

Jim Ukrop, a director, acquired 2,072 shares for $12.06 each as part of the company directors’ stock plan. Ukrop directly owns more than 345,000 shares of Union stock and has an additional 863,000 held in a trust.

Ronald Tillett, a director, bought 2,500 shares for $12.93 each. He owns more than 20,000 shares of Union stock.

Xenith Bankshares
Director Scott Reed bought 5,000 shares for approximately $18,000. He then bought another 2,000 shares for $4 each. He owns more than 15,000 shares.

Larry Felton, a director, bought 1,000 for $3.75 each. He owns more than 21,000.

Michael Schwartz is a BizSense reporter. Please send news tips to [email protected]

Apple REITs
Apple REIT Ten entered into a $9.4 million purchase contract for all of the ownership interests in Sunbelt-FTH, LLC, which owns a hotel under construction in Tallahassee, Fla. The hotel will be a 97-room Fairfield Inn & Suites.

Mackenzie Patterson Fuller, a California investment firm that for months has been trying to persuade the REITs shareholders to sell their shares, was able to purchase 8,106 shares of Apple REIT Six for $5 each. It originally sought to buy 500,000 shares, or $2.5 million worth. The firm also wanted to get its hands on 500,000 shares each of Apple REIT Seven and Eight for $4 per share. It ended up with 25,989 shares of Seven and 2,193 shares of Eight.

C&F Financial
Bryan McKernon, president of one of the company’s subsidiaries, exercised options for 3,000 shares at $19.05 each.

Media General
Timothy Mulvaney will become the company’s chief accounting officer effective Jan. 1. He’ll replace Stephen Dickinson, who previously announced he would retire Dec. 31. Mulvaney has been the company’s controller since 2009.

Owens & Minor
President and chief executive Craig Smith exercised options for 25,000 shares at $19.96 each. He then sold those shares at market price for $29.01. He still owns more than 340,000 shares of O&M stock.

Union First Market Bankshares
Ronald Hicks, a director, sold 325 shares for $12.68 each. He directly owns more than 75,000 shares.

Jim Ukrop, a director, acquired 2,072 shares for $12.06 each as part of the company directors’ stock plan. Ukrop directly owns more than 345,000 shares of Union stock and has an additional 863,000 held in a trust.

Ronald Tillett, a director, bought 2,500 shares for $12.93 each. He owns more than 20,000 shares of Union stock.

Xenith Bankshares
Director Scott Reed bought 5,000 shares for approximately $18,000. He then bought another 2,000 shares for $4 each. He owns more than 15,000 shares.

Larry Felton, a director, bought 1,000 for $3.75 each. He owns more than 21,000.

Michael Schwartz is a BizSense reporter. Please send news tips to [email protected]

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