SEC Form 4 · accession 0001437749-15-000082
Georgia-Carolina Bancshares, Inc · GECR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George H Inman
Director
Period of report
Jan 1, 2015
Accepted (ET)
Jan 2, 2015 · 4:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001044082
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.001 Par ValueF1 | Jan 1, 2015 | D | 47,997 | — | D | 0 | D | |
| Common Stock, $.001 Par ValueF1 | Jan 1, 2015 | D | 10,637 | — | D | 0 | I | By Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Disposed of pursuant to a merger agreement between the issuer and State Bank Financial Corporation (STBZ) in exchange for a total cash consideration of $518,911 and a total stock consideration of 46,555 shares of STBZ's common stock; which represents an exchange ratio of 0.794 STBZ shares and $8.85 in cash per share of the issuer's common stock. On the effective date of the merger, the shares of STBZ received by the reporting person had a market value of $19.98 per share.