SEC Form 4 · accession 0001140361-17-033396
FOUR OAKS FINCORP INC · FOFN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Gary Rabon
Director
Period of report
Aug 28, 2017
Accepted (ET)
Aug 28, 2017 · 3:37 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 | Aug 28, 2017 | M | 100 | $5.75 | A | 5,500 | D | |
| Common StockF1 | Aug 28, 2017 | M | 100 | $8.50 | A | 5,600 | 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 | Aug 28, 2017 | M | 100 | A | Mar 11, 2015 | Mar 11, 2018 | Common Stock | 100 | 0 | D |
| Employee stock option (right to buy)F3 | $8.50 | Aug 28, 2017 | M | 100 | A | Feb 24, 2016 | Feb 24, 2019 | Common Stock | 100 | 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 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 500 shares at an exercise price of $ 1.70 per share, but was adjusted to reflect the Reverse Stock Split.