Document:

10b5-1 Repurchase Agreement

 Exhibit 10.1 
 OPTICAL CABLE CORPORATION 
 10b5-1 REPURCHASE AGREEMENT

 This 10b5-1 Repurchase Agreement (this “Repurchase Agreement”) is dated as of September 20, 2012, between Optical Cable
Corporation, a Virginia corporation (the “Company”), and BB&T Capital Markets, a division of Scott & Stringfellow, LLC, a Virginia limited liability company. (“Broker”). 

WHEREAS, the Company desires to repurchase shares of its common stock (the “Stock”) in the open market and in private transactions; and

 WHEREAS, the Company desires to engage the Broker to effect repurchases of shares of Stock in accordance with this Repurchase Agreement;

 NOW, THEREFORE, the Company and the Broker hereby agree as follows: 

 

	1.	Repurchases 

 A. Subject
to the Company’s continued compliance with Section 2 hereof, the Broker shall (i) effect a purchase or purchases (each, a “Purchase”) of up to 320,000 shares of the Stock (the “Total Plan Shares”) as set forth in
Attachment 1, and (ii) effect each Purchase in accordance with the trade parameters and trade order set forth in Attachment 1. 
 Attachment 1 may be amended from time to time by Company with any such amendment being effective as soon as possible immediately following receipt by Broker, but in no event later than the next business
day. Any such amendment shall be delivered by email or by fax from the President, Chief Financial Officer or any employee designated by either to Broker. If delivered by fax, such fax shall be transmitted to (804-649-0597), Attention: Reid Burford.
If delivered by email, such email shall be delivered to rburford@bbandtcm.com. 
 B. Purchases shall be made in the open market.
The Broker shall comply with all applicable requirements of Rule 10b-18 promulgated under the Securities Exchange Act of 1934 (the “Exchange Act”), specifically the requirements of paragraphs (b)(2), (b)(3) and (b)(4) of Rule 10b-18 under
the Exchange Act, in connection with Purchases of Stock in the open market pursuant to this Repurchase Agreement. The Company agrees not to take any action that would cause Purchases not to comply with Rule 10b-18, Rule 10b5-1 or Regulation M.

  

	2.	Commission and Fees 

 The
Company shall pay to the Broker a commission of $.02 cents per share of Stock repurchased pursuant to this Repurchase Agreement. In addition, the Company shall pay to the Broker the DWAC fee for the transfer agent. In accordance with the
Broker’s customary procedures, the Broker will deposit shares of Stock purchased hereunder into an account established by the Broker for the Company against payment to the Broker of the purchase price therefor and commissions and other amounts
in respect thereof payable pursuant to this Section. The Company will be notified of all transactions pursuant to customary trade confirmations. 
  

	3.	Term of the Repurchase Agreement 

 A. This Repurchase Agreement shall become effective immediately and shall terminate upon the first to occur of the following: 

 

	 	(i)	the ending of the Trading Period, if any, as set forth in Attachment 1; 

  

	 	(ii)	the purchase of the number of Total Plan Shares pursuant to this Repurchase Agreement; 

 

	 	(iii)	the end of the second business day following the date of receipt by the Broker of notice of early termination signed by the Company’s President or Chief Financial
Officer, delivered to the Broker by fax, transmitted to (804-649-0597), Attention: Reid Burford; 

	 	(iv)	the commencement of any voluntary or involuntary case or other proceeding seeking liquidation, reorganization or other relief under any bankruptcy, insolvency or
similar law or seeking the appointment of a trustee, receiver or other similar official, or the taking of any corporate action by the Company to authorize or commence any of the foregoing; 

 

	 	(v)	the public announcement of a tender or exchange offer for the Stock or of a merger, acquisition, recapitalization or other similar business combination or transaction
as a result of which the Stock would be exchanged for or converted into cash, securities or other property; or 

  

	 	(vi)	the failure of the Company to comply with Section 2 hereof. 

 B. Sections 2 and 13 of this Repurchase Agreement shall survive any termination hereof. In addition, the Company’s obligation under Section 2 hereof in respect of any shares of Stock purchased
prior to any termination hereof shall survive any termination hereof. 
  

	4.	Market Disruptions and Restrictions 

 The Company understands that the Broker may not be able to effect a Purchase due to a market disruption or a legal, regulatory or contractual restriction or internal policy applicable to the Broker or
otherwise. If any Purchase cannot be executed as required by Section 1 due to a market disruption, a legal, regulatory or contractual restriction or internal policy applicable to the Broker or any other event, such Purchase shall be cancelled
and shall not be effected pursuant to this Repurchase Agreement. 
  

	5.	Representations of Company 

The Company represents and warrants, on the date hereof and on the date of any amendment hereto, that: 

A. it is not aware of material, nonpublic information with respect to the Company or any securities of the Company (including the Stock);

 B. it is entering into or amending, as the case may be, this Repurchase Agreement in good faith and not as part of a plan or
scheme to evade the prohibitions of Rule 10b5-1 under the Exchange Act or other applicable securities laws; and 
 C. its
execution of this Repurchase Agreement or amendment hereto, as the case may be, and the Purchases contemplated hereby do not and will not violate or conflict with the Company’s certificate of incorporation or bylaws or, if applicable, any
similar constituent document, or any law, rule, regulation or agreement binding on or applicable to the Company or any of its subsidiaries or any of its or of their property or assets. 

 

	6.	Rules 10b5-1 and 10b-18 

It is the intent of the parties that this Repurchase Agreement comply with the requirements of Rule 10b5-1(c)(1)(i)(B) and Rule 10b-18
under the Exchange Act, and this Repurchase Agreement shall be interpreted to comply with the requirements thereof. 
  

	7.	Notification and Indemnification 

 The Company shall, on the business day prior to the intended date of such purchase, notify the Broker of the intention on the part of any affiliated purchaser, as defined in Rule 10b-18, of the Company to
purchase the Stock on any day if such purchase is to be effected otherwise than through the Broker pursuant to this Repurchase Agreement and the Broker shall refrain from purchasing any Stock hereunder on the day following receipt of such notice.
The Company shall be solely responsible for any purchases made by the Broker as the Company’s agent prior to the Broker’s receipt of such written notice. Notwithstanding the foregoing, if the Broker receives such notice, the Broker may
nevertheless be entitled to make, and the Company shall be solely responsible for, a purchase hereunder pursuant to a bid made before such notice is received by the Broker. The Company shall be solely responsible for notifying the Broker of any
purchases of the Stock by any such affiliated purchaser, and, without limiting the generality of Section 14 hereof, the Company agrees to indemnify and hold harmless the Broker for any failure to so notify the Broker or any error in any such
notification. The Company also acknowledges that any action that it takes that causes or influences any such affiliated purchaser to purchase the Stock may cause the Daily Share Purchase Amount to be reduced. 

	8.	Exclusive Agreement 

 At
the time of the Company’s execution of this Repurchase Agreement, the Company has not entered into a similar agreement with respect to the Stock. The Company agrees not to enter into any such agreement while this Repurchase Agreement remains in
effect. 
  

	9.	Compliance 

 Except as
specifically contemplated hereby, the Company shall be solely responsible for compliance with all statutes, rules and regulations applicable to the Company and the transactions contemplated hereby, including, without limitation, reporting and filing
requirements. 
  

	10.	Applicable Law 

 This
Repurchase Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Virginia (without regard to its conflicts of laws provisions), and may be modified or amended only by a writing signed by the parties hereto.

  

	11.	Authorization of Program 

The Company represents and warrants that the transactions contemplated hereby are consistent with the Company’s publicly announced
stock repurchase program (“Program”) and said Program has been duly authorized by the Company’s Board of Directors. 
  

	12.	Stock Splits 

 The number
of Total Plan Shares, other share amounts and prices, if applicable, set forth in section 1(a) shall be adjusted automatically on a proportionate basis to take into account any stock split, reverse stock split or stock dividend with respect to the
Stock or any change in capitalization with respect to the Company that occurs during the term of this Repurchase Agreement. 
  

	13.	Authority; Influence and Control 

 Except as contemplated by Section 1.A. and Section 3.A. iii. of this Repurchase Agreement, the Company acknowledges and agrees that it will have limited authority, influence or control over any
Purchase effected by the Broker pursuant to this Repurchase Agreement and the Company will not attempt to exercise any authority, influence or control over Purchases. The Broker agrees not to seek advice from the Company with respect to the manner
in which it effects Purchases under this Repurchase Agreement. 
  

	14.	Indemnification 

 The
Company agrees to indemnify and hold harmless the Broker and its affiliates and their officers, directors, employees and representatives against any loss, claim, damage or liability, including legal fees and expenses, arising out of any action or
proceeding relating to this Repurchase Agreement or any Purchase, except to the extent that any such loss, claim, damage or liability is determined in a non-appealable determination of a court of competent jurisdiction to be solely the result of the
indemnified person’s willful misconduct or gross negligence. 

	15.	Counterparts 

 This
Repurchase Agreement may be executed in any number of counterparts, all of which, taken together, shall constitute one and the same agreement. 
 IN WITNESS WHEREOF, the undersigned have signed this Repurchase Agreement as of the date first written above. 
  

									
	 BB&T Capital Markets,
 a division of Scott & Stringfellow, LLC
	 		 	Optical Cable Corporation
			
	 /s/ Reid Burford
	 		 	 /s/ Tracy G. Smith

	By:	 	Reid Burford	 		 	By:	 	Tracy G. Smith
	Its:	 	Senior Vice President, Corporate Services	 		 	Its:	 	Senior Vice President and Chief Financial OfficerForm of Certifcate--5.375% Non-Cumulative Perpetual Preferred Stock, Series Q

 Exhibit 4.1 

 
 

 

  
 THE PNC FINANCIAL SERVICES GROUP, INC. 
 THE COMPANY WILL FURNISH WITHOUT CHARGE TO EACH
SHAREHOLDER WHO SO REQUESTS, A SUMMARY OF THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OF THE COMPANY AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH
PREFERENCES AND RIGHTS, AND THE VARIATIONS IN RIGHTS, PREFERENCES AND LIMITATIONS DETERMINED FOR EACH SERIES, WHICH ARE FIXED BY THE ARTICLES OF INCORPORATION OF THE COMPANY, AS AMENDED, AND THE RESOLUTIONS OF THE BOARD OF DIRECTORS OF THE COMPANY,
AND THE AUTHORITY OF THE BOARD OF DIRECTORS TO DETERMINE VARIATIONS FOR FUTURE SERIES. SUCH REQUEST MAY BE MADE TO THE OFFICE OF THE SECRETARY OF THE COMPANY OR TO THE TRANSFER AGENT. THE BOARD OF DIRECTORS MAY REQUIRE THE OWNER OF A LOST OR
DESTROYED STOCK CERTIFICATE, OR HIS LEGAL REPRESENTATIVES, TO GIVE THE COMPANY A BOND TO INDEMNIFY IT AND ITS TRANSFER AGENTS AND REGISTRARS AGAINST ANY CLAIM THAT MAY BE MADE AGAINST THEM ON ACCOUNT OF THE ALLEGED LOSS OR DESTRUCTION OF ANY SUCH
CERTIFICATE. 
 THE SECURITIES REPRESENTED BY THIS INSTRUMENT ARE NOT SAVINGS ACCOUNTS, DEPOSITS OR OTHER OBLIGATIONS OF A BANK AND
ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY. 

 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they
were written out in full according to applicable laws or regulations: 
  

													
	 TEN COM
	 	- as tenants in common	 	UNIF GIFT MIN ACT- ........................ Custodian...............................	 	
		 		 	                    (Cust)    	 		 	(Minor)	 		 	
	 TEN ENT
	 	- as tenants by the entireties	 	                under Uniform Gifts to Minors Act 
....................
		 		 		 	                (State)	 	
	 JT TEN
	 	- as joint tenants with right of survivorship	 	UNIF TRF MIN ACT ............................... Custodian (until age.....).......................
		 	   and not as tenants in common
	 	(Cust)    	 		 	                    (Minor)	 	
		 		 	                under Uniform Transfers to Minors Act. 
.................................
		 		 		 		 	    (State)    	 		 	
		 	 Additional abbreviations may also be used though not in the above list.

 

					
		  		  	PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE
	
For value received, _______________ hereby sell, assign and transfer unto
	  	 
		  	 	  

  

	
	  

	 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE)

	  

	
	  

 

					
	  
	  	 	Shares	  
	 of the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint
	  			
	  
	  	 	Attorney	  
	 to transfer the said stock on the books of the within-named Corporation with full power of substitution in the
premises.
	  			

  

			
	Dated: ___________________________________20__________	 	 Signature(s) Guaranteed: Medallion Guarantee Stamp

THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (Banks,

Stockbrokers, Savings and Loan Associations and Credit Unions) WITH MEMBERSHIP IN AN 
APPROVED
 SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15.

	 	 
	 	 
	 	 
	 	 
	
Signature: ___________________________________________

 
	 
	 Signature: ___________________________________________
	 
	 Notice: The signature to this assignment must
correspond with the name as written upon the face of the certificate, in every particular, without alteration or enlargement, or any change whatever.
	 
	
	

  

					
	 

	 	 The IRS requires that we report the cost basis of certain shares acquired after January 1, 2011. If your shares were covered by the
legislation and you have sold or transferred the shares and requested a specific cost basis calculation method, we have processed as requested. If you did not specify a cost basis calculation method, we have defaulted to the first in, first out
(FIFO) method. Please visit our website or consult your tax advisor if you need additional information about cost basis.
  
 If you do not keep in contact with us or do not have any activity in your account for the time periods specified by state law, your property could become subject to state unclaimed property laws and
transferred to the appropriate state.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]