SEC Form 4 · accession 0001209191-17-040355
BNC BANCORP · BNCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles T Hagan III
Director
Period of report
Jun 15, 2017
Accepted (ET)
Jun 16, 2017 · 2:23 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 | 46,473 | D | |
| Common StockF2 | Jun 15, 2017 | A | 45,940 | $0.00 | A | 92,413 | D | |
| Common StockF3 | holding | — | — | — | 1,805 | I | See Footnote 3 | |
| Common StockF4 | holding | — | — | — | 3,080 | I | See Footnote 4 | |
| Common StockF5 | holding | — | — | — | 9,737 | I | See Footnote 5 |
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,F6 | — | 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.
- F2On June 15, 2017, Mr. Hagan received 45,940 shares of common stock, representing previously earned annual director retainers and meeting fees, under the BNC Bancorp Directors' Deferred Compensation Plan.
- F3Shares owned by 1884, LLC. Mr. Hagan serves as Director of this entity.
- F4Shares owned by Hagan Family Fund. Mr. Hagan serves as Director of this entity.
- F5Shares owned by Hagan Group. Mr. Hagan serves as Director of this entity
- F6The 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.