SEC Form 4 · accession 0001354488-17-000388
Paragon Commercial CORP · PBNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian K. Reid
Officer — Triangle Market President
Period of report
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 4:10 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 28, 2017 | S | 829 | $50.00 | D | 15,343 | D | |
| Common StockF1 | Mar 1, 2017 | S | 1,889 | $50.30 | D | 13,454 | D | |
| Common Stock | holding | — | — | — | 4,000 | I | By children |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted StockF2 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,500 | 1,500 | D |
| Restricted StockF3 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,126 | 1,126 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $50.00 to $50.63. 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.
- F2The restricted stock vests and becomes freely transferable on April 1, 2018.
- F3The restricted stock vests and becomes freely transferable on April 1, 2019.