SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

JENNINGS SCOTT C

(Last)

(First)

(Middle)

PO BOX 438

(Street)

MOOREFIELD

26836

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SUMMIT FINANCIAL GROUP INC [ SMMF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Sr. VP & COO

3. Date of Earliest Transaction (Month/Day/Year)
04/18/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/18/2019⁽⁴⁾		J⁽⁵⁾		771.2425	A	$0	20,306.6629	I	By ESOP
Common Stock								1,291.1601⁽³⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Emplolyee Stock Option (Right to Buy)	$25.93							12/07/2005	12/07/2019⁽²⁾	Common Stock	1,600		1,600	D
Stock-Settled Stock Appreciation Rights	$12.01							04/23/2016⁽¹⁾	04/23/2025	Common Stock	17,947		17,947	D
Stock-Settled Stock Appreciation Rights	$26.01							02/09/2018⁽¹⁾	02/09/2027	Common Stock	8,151		8,151	D
Stock-Settled Stock Appreciation Rights	$23.94							02/07/2020⁽¹⁾	02/07/2029	Common Stock	17,052		17,052	D

Explanation of Responses:

1. Option and/or SAR vests in 5 equal annual installments with the beginning date indicated.

2. Option expires in 5 equal annual installments with the final date indicated

3. The reported holdings include stock acquired in dividend reinvestment transactions that are exempt from reporting under Rule 16a-11.

4. The information reported herein is based on a plan statement dated 12/31/2018 received in April 2019.

5. Between January 1, 2018 and December 31, 2018, acquired 771.2425 shares of Summit Common Stock under the Summit Financial Group, Inc. Employee Stock Ownership Plan.

	Teresa D. Ely Lmtd POA, Attorney-in-Fact	04/18/2019
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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