SEC Form 4 · accession 0001104659-16-136694
HCSB FINANCIAL CORP · HCFB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Pietrzak
Director
Period of report
Aug 1, 2016
Accepted (ET)
Aug 3, 2016 · 8:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001091491
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 1, 2016 | A | 10,000 | $0.10 | A | 10,000 | D | |
| Common StockF2 | holding | — | — | — | 35,968,163 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These 10,000 shares of Common Stock were acquired by, and are held directly by, John T. Pietrzak ("Mr. Pietrzak").
- F2Mr. Pietrzak may also be deemed to be the beneficial owner of the 35,968,163 shares of Common Stock held directly by Castle Creek Capital Partners VI, LP ("Fund VI"). Mr. Pietrzak is a managing principal of Castle Creek Capital VI LLC, the sole general partner of Fund VI. Mr. Pietrzak disclaims beneficial ownership of such shares of Common Stock, except to the extent of his pecuniary interest in Fund VI, and this report shall not be deemed an admission that Mr. Pietrzak is the beneficial owner of such shares of Common Stock for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.