SEC Form 4 · accession 0000948520-16-000091
SOUTHCOAST FINANCIAL CORP · SOCB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William A Coates
Director
Period of report
Jun 17, 2016
Accepted (ET)
Jun 17, 2016 · 5:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001083689
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Southcoast Financial Corp. Common StockF1 | Jun 17, 2016 | D | 134,483 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F11. Disposal pursuant to merger between issuer and BNC Bancorp, effective June 17, 2016, in exchange for 0.6068 shares of BNC Bancorp common stock per share, with the BNC common stock having a market value of $23.22 at closing of the market on June 16, 2016.