Statement of Changes in Beneficial Ownership (4)
January 21 2022 - 1:37PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Griffith Curtis C |
2. Issuer Name and Ticker or Trading Symbol
SOUTH PLAINS FINANCIAL, INC.
[
SPFI
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman and CEO |
(Last)
(First)
(Middle)
5219 CITY BANK PARKWAY |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/19/2022 |
(Street)
LUBBOCK, TX 79407-3544
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
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. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. 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)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common Stock | 1/19/2022 | | A | | 4243 | A | $0 | 1527593 (1) | D | |
Common Stock | | | | | | | | 99762 | I | By ESOP (2) |
Common Stock | | | | | | | | 151 | I | By 401(k) (3) |
Common Stock | | | | | | | | 435000 | I | By CCG Trust (4) |
Common Stock | | | | | | | | 87000 | I | By RTW Trust (5) |
Common Stock | | | | | | | | 87000 | I | By BLW Trust (6) |
Common Stock | | | | | | | | 87000 | I | By WHW Trust (7) |
Common Stock | | | | | | | | 87000 | I | By SSG Trust (8) |
Common Stock | | | | | | | | 87000 | I | By JBG Trust (9) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Options (Right to Buy) | $29.46 | 1/19/2022 | | A | | 13340 | | (10) | 1/19/2032 | Common Stock | 13340 | $0 | 13340 | D | |
Explanation of Responses: |
(1) | Includes restricted stock units that may be settled only by delivery of an equal number of shares of common stock and which are subject to vesting and forfeiture conditions. |
(2) | Shares held by the South Plains Financial, Inc. Employee Stock Ownership Plan ("ESOP") and allocated to the Reporting Person's account. |
(3) | Shares held in the Reporting Person's account under the City Bank 401(k) Plan. |
(4) | Shares held in the Curtis C. Griffith 2021 Irrevocable Trust ("CCG Trust"), over which the Reporting Person's spouse, who shares the Reporting person's household, serves as trustee. The members of the Reporting Person's immediate family are the beneficiaries of this trust. |
(5) | Shares held in the Richard Thomas White 2021 Trust ("RTW Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust. |
(6) | Shares held in the Birdie Lucille White 2021 Trust ("BLW Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust. |
(7) | Shares held in the William Hogan White 2021 Trust ("WHW Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust. |
(8) | Shares held in the Sydney Suzanne Griffith 2021 Trust ("SSG Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust. |
(9) | Shares held in the Johnathan Brockway Griffith 2021 Trust ("JBG Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust. |
(10) | 25% of the stock options vest on the first anniversary of January 1, 2022; thereafter, the remaining vest pro rata on a month basis over the next 36 months. Notwithstanding the foregoing, the stock options will automatically become fully vested upon the earlier of: (i) the Reporting Person's disability, (ii) the Reporting Person's death, and (iii) immediately prior to a change in control of the Issuer. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Griffith Curtis C 5219 CITY BANK PARKWAY LUBBOCK, TX 79407-3544 | X | X | Chairman and CEO |
|
Signatures
|
/s/ By Mikella D. Newsom as Attorney-in-Fact for Curtis C. Griffith | | 1/21/2022 |
**Signature of Reporting Person | Date |
South Plains Financial (NASDAQ:SPFI)
Historical Stock Chart
From Jun 2024 to Jul 2024
South Plains Financial (NASDAQ:SPFI)
Historical Stock Chart
From Jul 2023 to Jul 2024