Apple REIT Nine
The REIT fund entered into three new loan agreements for a total of $47.7 million. The loans are secured by three of its hotels including a Hilton Garden Inn in Grapevine, Texas; a Courtyard by Marriott in Collegeville, Pa.; and an Embassy Suites in Anchorage, Alaska. The company said it used a portion of the loan proceeds to pay off a $30 million line of credit.
C&F Financial (CFFI)
CFO Thomas Cherry exercised options for 1,500 shares at $22.75 per share. He then sold the shares at $40 per share.
Chairman, President and CEO Larry Dillon exercised options for 500 shares at $22.75 per share. He then sold them at $40 each.
Franklin Financial (FRNK)
The parent of Franklin Federal Savings Bank said it received approval to repurchase up to 679,385 shares or approximately 5 percent of its common stock.
Genworth Financial (GNW)
Michael Laming, a senior vice president, received 3,913 shares at no cost. The shares were restricted stock units that had converted into common stock. He now owns more than 21,000 Genworth shares.
Leon Roday, the company’s general counsel, also received 3,913 shares at no cost through restricted stock conversion. He then sold 1,260 shares at $5.76 each. Roday owns more than 45,000 Genworth shares.
Mark Cross, a senior vice president, exercised options for 20,000 shares at $8.05 per share for a total of $161,000. He then sold 25,000 shares at market value for $30.53 each or $763,000.
Universal Corp. (UVV)
COO Keith Brewer exercised options for 11,333 shares at $37.86 per share or $429,000. He then sold 9,887 shares at market value for $48.59 per share or a total of $480,000. Brewer exercised options for an additional 17,866 shares at $39.71 each for $709,000. He promptly sold 15,870 shares at $49.23 per share for a total of $776,000.