Statement of Ownership (sc 13g)
February 16 2021 - 2:44PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
First
National Corporation
(Name of Issuer)
Common Stock, par value $1.25 per share
(Title of Class of Securities)
32106V107
(CUSIP Number)
December 31, 2020
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to
designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☐ Rule 13d-1(c)
☒
Rule 13d-1(d)
*
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The remainder of this cover page shall be filled out for a reporting persons initial filing on this form
with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
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The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities
Exchange Act of 1934 (the Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 32106V107
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1
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Name Of
Reporting Persons
Gerald F. Smith Irrevocable Trust, f/b/o Gerald F. Smith, Jr.
dated 9/30/02
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2
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Check The Appropriate Box If A Member
Of A Group (See Instructions)
(a) ☐ (b) ☐
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3
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SEC Use Only
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4
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Citizenship Or Place Of
Organization
New
York
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Number of
Shares
Beneficially
Owned By
Each
Reporting
Person
With
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5
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Sole Voting Power
245,124
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6
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Shared Voting Power
0
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7
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Sole Dispositive Power
245,124
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8
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Shared Dispositive Power
0
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9
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Aggregate Amount Beneficially Owned By Each Reporting Person
245,124
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10
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Check If The Aggregate Amount In Row
(9) Excludes Certain Shares (See Instructions)
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11
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Percent Of Class Represented By Amount
In Row 9
5.04%1
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12
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Type of Reporting Person (See
Instructions)
OO
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1
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This calculation is based on 4,860,399 outstanding shares of the Issuers common stock as of
December 31, 2020, as disclosed by the Issuer in its Current Report on Form 8-K filed with the Securities and Exchange Commission on January 29, 2021.
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CUSIP No. 32106V107
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1
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Name Of
Reporting Persons
J. Charles
Link1
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2
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Check The Appropriate Box If A Member
Of A Group (See Instructions)
(a) ☐ (b) ☐
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3
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SEC Use Only
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4
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Citizenship Or Place Of
Organization
Virginia
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Number of
Shares
Beneficially
Owned By
Each
Reporting
Person
With
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5
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Sole Voting Power
245,124
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6
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Shared Voting Power
0
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7
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Sole Dispositive Power
245,124
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8
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Shared Dispositive Power
0
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9
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Aggregate Amount Beneficially Owned By Each Reporting Person
245,124
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10
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Check If The Aggregate Amount In Row
(9) Excludes Certain Shares (See Instructions)
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11
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Percent Of Class Represented By Amount
In Row 9
5.04%2
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12
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Type of Reporting Person (See
Instructions)
IN
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1
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Mr. Link is reporting beneficial ownership in shares of the Issuers common stock solely in
connection with his role as trustee of the Gerald F. Smith Irrevocable Trust, f/b/o Gerald F. Smith, Jr. dated 9/30/02.
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2
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This calculation is based on 4,860,399 outstanding shares of the Issuers common stock as of
December 31, 2020, as disclosed by the Issuer in its Current Report on Form 8-K filed with the Securities and Exchange Commission on January 29, 2021.
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CUSIP No. 32106V107
Item 1(a).
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Name of Issuer:
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First National Corporation (the Issuer)
Item 1(b).
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Address of Issuers Principal Executive Offices:
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112 West King Street
Strasburg,
Virginia 22657
Item 2(a).
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Name of Persons Filing: 1
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Gerald F. Smith Irrevocable Trust, f/b/o Gerald F. Smith, Jr. dated 9/30/02 (the Trust) 2
J. Charles Link (the Trustee) 3
Item 2(b).
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Address of Principal Business Office or, if None, Residence:
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13539 Scotchtown Road
Beaverdam,
Virginia 23015
The Trust is governed by the trust laws of the State of New York.
The Trustee is a citizen of the Commonwealth of Virginia.
Item 2(d).
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Title of Class of Securities:
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Common Stock, par value $1.25 per share (the Common Stock)
32106V107
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(a)
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Amount beneficially owned: 245,124 shares of Common Stock
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Trust 245,124 shares of Common Stock
Trustee 245,124 shares of Common Stock
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(b)
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Percent of class: 5.04%
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Trust 5.04%
Trustee 5.04%
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(c)
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Number of shares as to which such person has:
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1
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Neither the present filing nor anything contained herein shall be construed as an admission that the Reporting
Persons constitute a group for any purposes and each expressly disclaims membership in a group.
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2
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The Trust is a generation skipping trust managed by the Trustee, who has a fiduciary duty to carry out the
purposes of the Trust in accordance with the applicable trust agreement and the trust laws of the State of New York.
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3
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. J. Charles Link is the Trustee of the Trust. Mr. Link is reporting beneficial ownership in shares of the
Issuers common stock solely in connection with his role as Trustee of the Trust.
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CUSIP No. 58490H107
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(i)
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Sole power to vote or to direct the vote:
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See Cover Pages Items 5 8.
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(ii)
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Shared power to vote or to direct the vote:
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See Cover Pages Items 5 8.
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(iii)
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Sole power to dispose or to direct the disposition of:
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See Cover Pages Items 5 8.
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(iv)
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Shared power to dispose or to direct the disposition of:
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See Cover Pages Items 5 8.
Item 5.
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Ownership of Five Percent or Less of a Class
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If the statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following [ ].
Item 6.
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Ownership of More than Five Percent on Behalf of Another Person
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Not applicable.
Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the
Parent Holding Company or Control Person
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Not applicable.
Item 8.
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Identification and Classification of Members of the Group
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Not applicable.
Item 9.
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Notice of Dissolution of Group
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Not applicable.
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: February 16, 2021.
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/s/ J. Charles Link, Trustee
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J. Charles Link, Trustee
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Acting on behalf of the Trust
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/s/ J. Charles Link
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J. Charles Link
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EXHIBITS
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Exhibit No.
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Title
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99.1
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Joint Filing Agreement, dated February 16, 2021, as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended
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