SEC Form 4 · accession 0001140361-18-001648
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
Jan 8, 2018
Accepted (ET)
Jan 10, 2018 · 6:46 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 | Jan 8, 2018 | M | 31,171 | $21.51 | A | 489,701 | D | |
| PNFP Common StockF2 | Jan 8, 2018 | S | 31,171 | $67.11 | D | 458,530 | D | |
| PNFP Common Stock | holding | — | — | — | 22,000 | I | IRA | |
| PNFP Common Stock | holding | — | — | — | 27,718 | 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 Options (Right to Buy)F3 | $21.51 | Jan 8, 2018 | M | 31,171 | A | — | Jan 19, 2018 | PNFP Common Stock | 31,171 | 0 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected in connection with a broker-assisted cashless exercise of the options reported in Table II of this Form 4 pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 31, 2017.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.85 to $67.35. 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.
- F3The options vested in annual 20% increments over a period of five years beginning on the first anniversary of the issue date (January 19, 2008). Options were fully vested on January 19, 2012.