Apple REIT Ten
On Oct. 22 the Financial Industry Regulatory Authority (FINRA) issued an order against David Lerner Associates and David Lerner, the main broker of Apple REIT shares. FINRA ordered Lerner’s New York firm to pay approximately $12 million in restitution to certain Apple REIT investors. Mr. Lerner was individually fined $250,000 and suspended for one year from the securities industry, followed by a two year suspension from acting as a principal. It will later be determined exactly which Apple REIT investors are to receive the restitution. Lerner’s firm will be allowed to continue selling Apple REIT shares. A copy of FINRA’s order can be found here.
First Capital Bancorp
William Bien, an executive vice president, acquired 14,500 shares at $4.23 per share, a $61,000 purchase.
Genworth Financial
Michael Laming, a senior vice president, received 1,956 shares at no cost. The shares converted from restricted stock units.
Media General
Chief Operating Office George Mahoney exercised options for 7,133 shares at $2.16 per share or $15,400. He then sold 4,922 shares at $4.23 each or $20.800.
Coleman Wortham III acquired 18,000 shares at $4.24 per share for a total of $76,000. He owns a total of 100,000 shares of Media General stock.
James Conschafter, a vice president, acquired 12,326 shares at $4.16 per share, a total of $51,000. He owns more than 16,000 shares.
Owens & Minor
O&M declared a fourth quarter 2012 dividend of $0.22 per diluted share payable on Dec. 31 to shareholders of record on Dec. 14.
NewMarket Corp.
NewMarket declared a quarterly dividend of $0.75 per share of common stock payable on Dec. 21 to shareholders of record at the close of business on Dec. 7.
The company also declared a special dividend in the amount of $25.00 per share on its common stock. The dividend is payable on Nov. 27 to NewMarket shareholders of record at the close of business on Nov. 7. NewMarket said it will fund this payment of approximately $335 million by drawing on its revolving credit line.
Union First Market Bankshares
Union declared a quarterly dividend of $0.12 per share payable Nov. 30 to shareholders of record as of Nov. 16.
Village Bank & Trust Financial
William Foster, a senior vice president, received for 5,000 shares at $1 per share. The options are exercisable beginning in 2015.
Apple REIT Ten
On Oct. 22 the Financial Industry Regulatory Authority (FINRA) issued an order against David Lerner Associates and David Lerner, the main broker of Apple REIT shares. FINRA ordered Lerner’s New York firm to pay approximately $12 million in restitution to certain Apple REIT investors. Mr. Lerner was individually fined $250,000 and suspended for one year from the securities industry, followed by a two year suspension from acting as a principal. It will later be determined exactly which Apple REIT investors are to receive the restitution. Lerner’s firm will be allowed to continue selling Apple REIT shares. A copy of FINRA’s order can be found here.
First Capital Bancorp
William Bien, an executive vice president, acquired 14,500 shares at $4.23 per share, a $61,000 purchase.
Genworth Financial
Michael Laming, a senior vice president, received 1,956 shares at no cost. The shares converted from restricted stock units.
Media General
Chief Operating Office George Mahoney exercised options for 7,133 shares at $2.16 per share or $15,400. He then sold 4,922 shares at $4.23 each or $20.800.
Coleman Wortham III acquired 18,000 shares at $4.24 per share for a total of $76,000. He owns a total of 100,000 shares of Media General stock.
James Conschafter, a vice president, acquired 12,326 shares at $4.16 per share, a total of $51,000. He owns more than 16,000 shares.
Owens & Minor
O&M declared a fourth quarter 2012 dividend of $0.22 per diluted share payable on Dec. 31 to shareholders of record on Dec. 14.
NewMarket Corp.
NewMarket declared a quarterly dividend of $0.75 per share of common stock payable on Dec. 21 to shareholders of record at the close of business on Dec. 7.
The company also declared a special dividend in the amount of $25.00 per share on its common stock. The dividend is payable on Nov. 27 to NewMarket shareholders of record at the close of business on Nov. 7. NewMarket said it will fund this payment of approximately $335 million by drawing on its revolving credit line.
Union First Market Bankshares
Union declared a quarterly dividend of $0.12 per share payable Nov. 30 to shareholders of record as of Nov. 16.
Village Bank & Trust Financial
William Foster, a senior vice president, received for 5,000 shares at $1 per share. The options are exercisable beginning in 2015.