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
                                                                                  
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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 *

BELL MICHAEL SHANE
2. Issuer Name and Ticker or Trading Symbol

FIRST NATIONAL CORP /VA/ [ FXNC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
EVP/CFO
(Last)          (First)          (Middle)

112 W KING STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

2/12/2020
(Street)

STRASBURG, VA 22657
(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, $1.25 par value 2/12/2020  A  832 A$0 20973.3283 D  
Common Stock, $1.25 par value 2/12/2020  F  295 D$20.94 20678.3283 D  
Common Stock, $1.25 par value 2/13/2020  M  172 A$0 20850.3283 D  
Common Stock, $1.25 par value 2/13/2020  F  61 D$20.99 20789.3283 D  
Common Stock, $1.25 par value 2/14/2020  M  400 A$0 21189.3283 D  
Common Stock, $1.25 par value 2/14/2020  F  142 D$20.38 21047.3283 D  

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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (1)2/12/2020  A   1663     (2) (2)Common Stock 1663 $0 2406 D  
Restricted Stock Units  (1)2/13/2020  M     172  2/13/2020 2/13/2020 Common Stock 172 $0 2234 D  
Restricted Stock Units  (1)2/14/2020  M     400  2/14/2020 2/14/2020 Common Stock 400 $0 1834 D  

Explanation of Responses:
(1) Each restricted stock unit represents a contingent right to receive one share of FXNC common stock.
(2) The restricted stock units vest in two equal annual installments beginning February 12, 2021.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
BELL MICHAEL SHANE
112 W KING STREET
STRASBURG, VA 22657


EVP/CFO

Signatures
Justin M. Hockman, by Power of Attorney2/14/2020
**Signature of Reporting PersonDate

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