SEC Form 4 · accession 0001354488-17-000149
Paragon Commercial CORP · PBNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas B. Oxholm
Director
Period of report
Jan 23, 2017
Accepted (ET)
Jan 25, 2017 · 5:00 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 Stock | Jan 23, 2017 | P | 1,000 | $44.25 | A | 25,050 | D | |
| Common Stock | Jan 25, 2017 | P | 400 | $44.25 | A | 25,450 | D | |
| Common Stock | holding | — | — | — | 5,375 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted StockF1 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,000 | 1,000 | D |
| Stock Option (right to buy)F2 | $48.00 | holding | — | — | — | — | May 14, 2017 | Common Stock | 1,875 | 1,875 | D |
Explanation of responses
- F1The 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.
- F2The option vested and became exercisable in five equal annual installments beginning on May 14, 2008, as follows: 20% of the shares subject to the option vested on each of May 14, 2008, 2009, 2010, 2011, and 2012.