SEC Form 4 · accession 0001354488-17-000155
Paragon Commercial CORP · PBNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Curtis C. Brewer III
Director
Period of report
Jan 24, 2017
Accepted (ET)
Jan 26, 2017 · 4:54 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 | Jan 24, 2017 | S | 5,681 | $44.127 | D | 46,819 | D | |
| Common StockF2 | Jan 25, 2017 | S | 3,844 | $44.133 | D | 42,975 | D | |
| Common Stock | holding | — | — | — | 1,375 | 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 StockF3 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,000 | 1,000 | D |
| Stock Option (right to buy)F4 | $48.00 | holding | — | — | — | — | May 14, 2017 | Common Stock | 1,875 | 1,875 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $44 to $44.375. 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 transactions were effected.
- F2This transaction was executed in multiple trades at prices ranging from $44 to $44.25. 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 transactions were effected.
- F3The restricted stock vests and becomes freely transferable in three equal annual installments beginning on September 1, 2016, as follows: 500 shares vest on each of September 1, 2016, 2017, and 2018.
- F4The 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.