SEC Form 4 · accession 0001354488-16-007870
Paragon Commercial CORP · PBNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert C. Hatley
Officer — President and CEO · Director
Period of report
Jun 16, 2016
Accepted (ET)
Jun 20, 2016 · 5:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001414374
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 16, 2016 | P | 5,882 | $34.00 | A | 103,190 | D | |
| Common Stock | holding | — | — | — | 4,500 | I | By wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $48.00 | holding | — | — | — | — | Feb 1, 2017 | Common Stock | 5,000 | 5,000 | D |
| Employee Stock Option (right to buy)F2 | $43.20 | holding | — | — | — | — | Jun 18, 2018 | Common Stock | 5,000 | 5,000 | D |
| Restricted StockF3 | $0.00 | holding | — | — | — | — | — | Common Stock | 2,000 | 2,000 | D |
| Restricted StockF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,500 | 1,500 | D |
| Restricted StockF5 | $0.00 | holding | — | — | — | — | — | Common Stock | 2,563 | 2,563 | D |
Explanation of responses
- F1The option vested and became exercisable in five equal annual installments beginning on February 1, 2008, as follows: 20% of the shares subject to the option vested on each of February 1, 2008, 2009, 2010, 2011, and 2012.
- F2The option vested and became exercisable in five equal annual installments beginning on June 18, 2009, as follows: 20% of the shares subject to the option vested on each of June 18, 2009, 2010, 2011, 2012, and 2013.
- F3The restricted stock vests and becomes freely transferrable on April 1, 2018.
- F4The restricted stock vests and becomes freely transferrable in three equal annual installments beginning on September 1, 2016, as follows: 500 shares vest on each of September 1, 2016, 2017, and 2018.
- F5The restricted stock vests and becomes freely transferrable on April 1, 2019.