SEC Form 4 · accession 0001140361-15-021387
SURREY BANCORP · SYRB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Floyd Eugene Rees Jr.
Director
Period of report
Jul 31, 2014
Accepted (ET)
May 21, 2015 · 4:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001229146
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock | May 19, 2015 | P | 694 | $13.25 | A | 82,296 | D | |
| Common stock | holding | — | — | — | 10,023 | I | Held in IRA for Mr. Rees | |
| Common stock | holding | — | — | — | 2,856 | I | Held by wife | |
| Common stock | holding | — | — | — | 530 | I | Held in IRA for wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A 4.5 Convertible Non-Cumulative PreferredF3,F1,F2 | — | holding | — | — | — | — | — | Common stock | 25,250 | 11,000 | D |
| Series A 4.5% Convertible Non-Cumulative Perpetual PreferredF3,F1,F2 | — | holding | — | — | — | — | — | Common stock | 4,132 | 1,800 | I |
| Series D 5.0% Convertible Non-Cumulative Perpetual PreferredF4,F1,F2 | — | holding | — | — | — | — | — | Common stock | 15,537 | 14,125 | D |
Explanation of responses
- F1Convertible into Common Stock.
- F2Perpetual Preferred Stock
- F3Series A 4.5% Convertible Non-Cumulative Perpetual Preferred Stock is convertible into 2.2955 shares of common stock per share.
- F4Series D 5.0% Convertible Non-Cumulative Perpetual Preferred Stock is convertible into 1.10 shares of common stock per share.