SEC Form 4 · accession 0001209191-15-073225
LIMESTONE BANCORP, INC. · LMST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Kirk Wycoff
Director
Period of report
Sep 30, 2015
Accepted (ET)
Oct 2, 2015 · 4:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001358356
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-voting Common SharesF2,F1 | — | Sep 30, 2015 | C | 400,000 | A | — | — | Common Shares | 400,000 | 6,858,000 | I |
Explanation of responses
- F1Each non-voting common share is automatically convertible into one common share upon the transfer to a holder who would not otherwise have ownership exceeding 9.9% of the then issued and outstanding common stock of the company.
- F2On September 30, 2015 Patriot Financial Partners L.P. and its affiliate Patriot Financial Partners Parallel L.P. (the "Patriot Funds") exchanged $1,333,333 face amount of shares of the capital securities issued by Porter Statutory Trust IV and the claim to approximately $110,000 in accrued unpaid interest for 400,000 non-voting common shares. The value exchanged for the shares received in this transaction represents $3.61 per share ($1,443,333 / 400,000 shares).