SEC Form 4 · accession 0001209191-17-017896
CAROLINA BANK HOLDINGS INC · CLBH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
T Allen Liles
Officer — CFO
Period of report
Mar 3, 2017
Accepted (ET)
Mar 3, 2017 · 5:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001127160
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 3, 2017 | D | 44,508 | — | D | 0 | D | |
| Common StockF1 | Mar 3, 2017 | D | 5,025 | — | D | 0 | I | 401(k) Holdings |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Disposed of pursuant to the Agreement and Plan of Merger and Reorganization between First Bancorp ("FBNC") and the issuer, pursuant to which the issuer was merged with and into FBNC effective March 3, 2017 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of issuer common stock was exchanged for the right to receive 1.002 shares of FBNC common stock or $20.00 in cash, subject to the total consideration in the Merger being 75% stock / 25% cash. As a result of the Merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of issuer common stock.