SEC Form 4 · accession 0001354488-17-000284
Paragon Commercial CORP · PBNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phillip R. Jurney
Officer — Charlotte Market President
Period of report
Feb 14, 2017
Accepted (ET)
Feb 16, 2017 · 5:34 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 | Feb 14, 2017 | S | 235 | $48.00 | D | 14,640 | D | |
| Common Stock | Feb 15, 2017 | S | 7,640 | $48.00 | D | 7,000 | 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)F1 | $42.40 | holding | — | — | — | — | Aug 24, 2017 | Common Stock | 5,000 | 5,000 | D |
| Employee Stock Option (right to buy)F2 | $43.20 | holding | — | — | — | — | Jun 8, 2018 | Common Stock | 2,500 | 2,500 | D |
| Restricted StockF3 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,500 | 1,500 | D |
| Restricted StockF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,161 | 1,161 | D |
Explanation of responses
- F1The option vested and became exercisable in five equal annual installments beginning on August 24, 2008, as follows: 20% of the shares subject to the option vested on each of August 24, 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 on April 1, 2019.