SEC Form 4 · accession 0001140361-17-020782
FOUR OAKS FINCORP INC · FOFN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff D Pope
Officer — Executive Vice President
Period of report
May 15, 2017
Accepted (ET)
May 15, 2017 · 5:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001040799
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 15, 2017 | M | 500 | $5.75 | A | 33,458 | D | |
| Common StockF1 | May 15, 2017 | M | 500 | $8.50 | A | 33,958 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee stock option (right to buy)F2 | $5.75 | May 15, 2017 | M | 500 | A | Mar 11, 2015 | Mar 11, 2018 | Common Stock | 500 | 0 | D |
| Employee stock option (right to buy)F3 | $8.50 | May 15, 2017 | M | 500 | A | Feb 24, 2016 | Feb 24, 2019 | Common Stock | 500 | 0 | D |
Explanation of responses
- F1Reflects adjustment of share ownership in connection with a one for five reverse stock split effected on March 8, 2017 (the "Reverse Stock Split")
- F2This option was previously reported as covering 2,500 shares at an exercise price of $1.15 per share, but was adjusted to reflect the Reverse Stock Split
- F3This option was previously reported as covering 2,500 shares at an exercise price of $1.70 per share, but was adjusted to reflect the Reverse Stock Split