SEC Form 4 · accession 0001209191-17-040346
BNC BANCORP · BNCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Coltrane Jr.
Director
Period of report
Jun 15, 2017
Accepted (ET)
Jun 16, 2017 · 2:03 pm 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 | Jun 15, 2017 | M | 6,000 | — | A | 66,475 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Jun 15, 2017 | M | 6,000 | D | — | — | Common Stock | 6,000 | 0 | D |
Explanation of responses
- F1The Restricted stock units convert into common stock on a one-for-one basis.
- F2The restricted stock units were originally scheduled to vest in three equal annual installments beginning January 21, 2018. Pursuant to the Agreement and Plan of Merger, dated January 22, 2017, by and among Pinnacle Financial Partners, Inc, the Issuer and Blue Merger Sub, Inc, each restricted stock unit held by the reporting person became fully vested as of the transaction date listed.