SEC Form 4 · accession 0001354488-16-008643
Paragon Commercial CORP · PBNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James M. Fielding
Officer — Sr. V.P. and C.C.O.
Period of report
Dec 8, 2016
Accepted (ET)
Dec 9, 2016 · 4:30 pm EST
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 StockF1 | Dec 8, 2016 | S | 2,493 | $42.19 | D | 11,112 | D |
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)F2 | $48.80 | holding | — | — | — | — | May 7, 2017 | Common Stock | 1,125 | 1,125 | D |
| Restricted StockF3 | $0.00 | holding | — | — | — | — | — | Common Stock | 475 | 475 | D |
| Restricted StockF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 590 | 590 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $41.99 to $42.29. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.
- F2The option vested and became exercisable in five equal annual installments beginning on May 7, 2008, as follows: 20% of the shares subject to the option vested on each of May 7, 2008, 2009, 2010, 2011, and 2012.
- F3The restricted stock vests and becomes freely transferable on April 1, 2018.
- F4The restricted stock vests and becomes freely transferable on April 1, 2019.