SEC Form 4 · accession 0001140361-16-057053
PINNACLE FINANCIAL PARTNERS INC · PNFP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
M Terry Turner
Officer — CEO · Director
Period of report
Mar 8, 2016
Accepted (ET)
Mar 8, 2016 · 6:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001115055
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| PNFP Common Stock | Mar 8, 2016 | M | 23,866 | $27.11 | A | 569,431 | D | |
| PNFP Common StockF1 | Mar 8, 2016 | S | 17,440 | $47.94 | D | 551,991 | D | |
| PNFP Common Stock | holding | — | — | — | 22,000 | I | IRA | |
| PNFP Common STock | holding | — | — | — | 26,829 | I | 401K |
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 | $27.11 | Mar 8, 2016 | M | 23,866 | A | — | Mar 15, 2016 | PNFP Common Stock | 23,866 | 0 | D |
Explanation of responses
- F1The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.48 to $48.39. The reporting person undertakes to provide Pinnacle Financial Partners, Inc., any security holder of Pinnacle Financial Partners, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F2The options vested in annual 20% increments over a period of five years beginning on the first anniversary of the issue date (March 15, 2006). Options were fully vested on March 15, 2011.