SEC Form 4 · accession 0001209191-15-061990
BNC BANCORP · BNCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Abney S Boxley III
Director
Period of report
Jul 1, 2015
Accepted (ET)
Jul 22, 2015 · 9:23 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001210227
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 1, 2015 | A | 66,237 | — | A | 66,237 | D | |
| Common StockF2,F3 | Jul 1, 2015 | A | 8,310 | — | A | 74,547 | I | see footnote |
| Common StockF4,F5 | Jul 1, 2015 | A | 2,238 | — | A | 76,785 | I | see footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of common stock of BNC Bancorp received in exchange for 59,776 shares of common stock in Valley Financial Corporation pursuant to the merger of Valley Financial Corporation with and into BNC Bancorp. The exchange ratio for the merger was 1.1081, with fractional shares paid in cash.
- F2Represents shares of common stock of BNC Bancorp received in exchange for 7,500 shares of common stock in Valley Financial Corporation pursuant to the merger of Valley Financial Corporation with and into BNC Bancorp. The exchange ratio for the merger was 1.1081, with fractional shares paid in cash
- F3Represents shares held by Mr. Boxley as custodian for three minor children.
- F4Represents shares of common stock of BNC Bancorp received in exchange for 2,020 shares of common stock in Valley Financial Corporation pursuant to the merger of Valley Financial Corporation with and into BNC Bancorp. The exchange ratio for the merger was 1.1081, with fractional shares paid in cash.
- F5Represents shares of common stock held directly by an adult child of Mr. Boxley.