SEC Form 4 · accession 0000899243-16-024404
COMMUNITY FIRST INC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eslick E Daniel
Director · 10% Owner
Period of report
Jun 30, 2016
Accepted (ET)
Jul 5, 2016 · 6:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001179500
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Community First, Inc. Preferred Stock Series AF1 | Jun 30, 2016 | D | 3,259 | $0.00 | D | 0 | D | |
| Community First, Inc. Common StockF1 | Jun 30, 2016 | A | 445,968 | $0.00 | A | 501,462 | D | |
| Community First, Inc. Common Stock | holding | — | — | — | 9,246 | I | by spouse | |
| Community First, Inc. Common Stock | holding | — | — | — | 101,002 | I | in family partnership | |
| Community First, Inc. Common Stock | holding | — | — | — | 7,070 | I | as custodian for children | |
| Community First, Inc. Common Stock | holding | — | — | — | 40,320 | I | as custodian for grandchildren under TNUTMA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares of Series A Preferred Stock were disposed of in exchange for the shares of Common Stock reported as being acquired in this report in a transaction approved by the issuer's board of directors and a committee of disinterested, non-employee directors. The shares of Series A Preferred Stock were exchanged for Common Stock of the issuer at a rate of approximately 136.84 shares of Common Stock for each share of Series A Preferred Stock, which, based on the face value of the Series A Preferred Stock, equated to a $4.75 per share price.