SEC Form 4 · accession 0001209191-15-064131
Bank of the Carolinas CORP · BCAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George E Jordan
Officer — EVP and COO
Period of report
Aug 5, 2015
Accepted (ET)
Aug 5, 2015 · 5:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001365997
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 5, 2015 | D | 1,003,560 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Disposed of pursuant to a merger agreement between Bank of the Carolinas Corporation and Bank of the Ozarks, Inc. ("Ozarks") in exchange for 3,146 shares of Ozarks common stock having a market value of $45.17 per share on the effective date of the merger, plus cash in lieu of fractional shares.