ALR Technologies (ALRT)
The Glen Allen firm, which develops medication reminder devices, approved a proposal from its chairman and chief executive Sidney Chan, whereby he will increase the borrowing limit under his existing line of credit with the company from $2.5 million to $4 million. The company will grant Chan the option to purchase 50 million shares of its stock at $0.03 per share.
William Smith, who will become the company’s chief commercial officer on Feb. 1, received options for 2.5 million shares at $0.03 per share. Smith had previously been a consultant to the company.
Lawrence Weinstein, president and COO, and Jerome Hickey, director of sales and marketing, each received options for 1 million share at $0.03 per share.
C&F Financial (CFFI)
President and CEO Larry Dillon and CFO Thomas Cherry were each granted 3,900 shares of restricted stock.
Bryan McKernon, president of the C&F’s mortgage subsidiary, received 800 shares of restricted stock.
Community Bankers Trust Corp. (BTC)
President and CEO Rex Smith received a long-term restricted stock award of 25,000 shares.
Five of the company’s executives were each granted options for 15,000 shares with an exercise price of $2.86 per share. The executives were: General counsel Jay Oakey; Essex Bank Chief Risk Officer Williams Saunders Jr.; Essex Bank COO Jeffery Cantrell; Essex Bank Chief Credit Officer Thomas Townsend; Essex Bank CFO Bruce Thomas.
Markel (MKL)
The company will hold a special meeting where shareholders will vote on Markel’s pending acquisition of Bermuda reinsurance company Alterra Capital Holdings. The meeting will be held at the Markel headquarters at 4521 Highwoods Parkway in Glen Allen, Virginia 23060, on Feb. 26 at 10 a.m.
Alterra will hold a similar meeting for its shareholders in Bermuda on the same day.
Universal Corp. (UVV)
Robert Peebles, a vice president, exercised stock appreciation rights for 2,533 shares at $37.86 per share. He then sold 2,085 shares at $53.14 for a total of $110,000.
ALR Technologies (ALRT)
The Glen Allen firm, which develops medication reminder devices, approved a proposal from its chairman and chief executive Sidney Chan, whereby he will increase the borrowing limit under his existing line of credit with the company from $2.5 million to $4 million. The company will grant Chan the option to purchase 50 million shares of its stock at $0.03 per share.
William Smith, who will become the company’s chief commercial officer on Feb. 1, received options for 2.5 million shares at $0.03 per share. Smith had previously been a consultant to the company.
Lawrence Weinstein, president and COO, and Jerome Hickey, director of sales and marketing, each received options for 1 million share at $0.03 per share.
C&F Financial (CFFI)
President and CEO Larry Dillon and CFO Thomas Cherry were each granted 3,900 shares of restricted stock.
Bryan McKernon, president of the C&F’s mortgage subsidiary, received 800 shares of restricted stock.
Community Bankers Trust Corp. (BTC)
President and CEO Rex Smith received a long-term restricted stock award of 25,000 shares.
Five of the company’s executives were each granted options for 15,000 shares with an exercise price of $2.86 per share. The executives were: General counsel Jay Oakey; Essex Bank Chief Risk Officer Williams Saunders Jr.; Essex Bank COO Jeffery Cantrell; Essex Bank Chief Credit Officer Thomas Townsend; Essex Bank CFO Bruce Thomas.
Markel (MKL)
The company will hold a special meeting where shareholders will vote on Markel’s pending acquisition of Bermuda reinsurance company Alterra Capital Holdings. The meeting will be held at the Markel headquarters at 4521 Highwoods Parkway in Glen Allen, Virginia 23060, on Feb. 26 at 10 a.m.
Alterra will hold a similar meeting for its shareholders in Bermuda on the same day.
Universal Corp. (UVV)
Robert Peebles, a vice president, exercised stock appreciation rights for 2,533 shares at $37.86 per share. He then sold 2,085 shares at $53.14 for a total of $110,000.