SEC Form 4 · accession 0001437749-18-011289
LIMESTONE BANCORP, INC. · LMST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Kirk Wycoff
Director
Period of report
Jun 1, 2018
Accepted (ET)
Jun 5, 2018 · 4:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001358356
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Jun 1, 2018 | A | 1,795 | $0.00 | A | 161,050 | I | By limited partnerships |
| Common Shares | holding | — | — | — | 118,542 | D |
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 SharesF1,F2 | — | holding | — | — | — | — | — | Common Shares | 1,000,000 | 1,000,000 | I |
Explanation of responses
- F1The reporting person disclaims beneficial ownership of the 150,000 common shares and the 1.0 million nonvoting common shares beneficially owned by Patriot Financial Partners III, L.P., and the 11,050 common shares beneficially owned by Patriot Financial Manager, L.P. except to the extent of his pecuniary interest therein
- F2Non-voting common shares contain an automatic conversion feature as follows: Each issued and outstanding Non-Voting Common Share shall automatically be converted into one (1) Common Share (the "Conversion Rate") upon the transfer of such Non-Voting Common Share (or any security convertible to or exercisable for such Non-Voting Common Share) in (a) a widespread public distribution, including pursuant to a registration statement filed with and declared effective by the SEC or pursuant to Rule 144 under the Securities Act, (b) a transfer in which no transferee (or group of associated transferees) would receive more than 2% of any class of Voting Securities or (c) a transfer to a transferee that controls more than 50% of the Voting Securities without any transfer from the transferor. The foregoing automatic conversion may occur as to some or all of the Non-Voting Common Shares held by any holder.
- F3Grant of Restricted Stock pursuant to the Porter Bancorp, Inc., 2018 Omnibus Equity Compensation Plan. Generally, the restrictions as to transferability of the shares granted will lapse on December 31 of the calendar year in which the award date occurs.