SEC Form 4 · accession 0001144204-17-055668
FIRST SOUTH BANCORP INC /VA/ · FSBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lindsey A Crisp
Director
Period of report
Nov 1, 2017
Accepted (ET)
Nov 2, 2017 · 9:30 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001027183
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 1, 2017 | D | 10,700 | — | D | 0 | I | By IRA |
| Common StockF1 | Nov 1, 2017 | D | 1,950 | — | D | 0 | I | By Roth IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Disposed of pursuant to the Agreement and Plan of Merger and Reorganization, dated as of June 9, 2017 (the "Merger Agreement"), between Carolina Financial Corporation ("CARO") and the Issuer, pursuant to which the Issuer was merged with and into CARO effective November 1, 2017 (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger, each issued and outstanding share of Issuer common stock was converted into the right to receive 0.5064 shares of CARO common stock (subject to the payment of cash in lieu of fractional shares). As a result of the Merger, the Reporting Person no longer beneficially owns, directly or indirectly, any shares of Issuer common stock.