SEC Form 4 · accession 0001654954-17-005532
Paragon Commercial CORP · PBNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas B. Oxholm
Director
Period of report
Jun 9, 2017
Accepted (ET)
Jun 13, 2017 · 5:46 pm EDT
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,F2,F3 | Jun 9, 2017 | S | 904 | $53.51 | D | 31,796 | D | |
| Common StockF1,F4 | Jun 12, 2017 | S | 1,471 | $53.87 | D | 30,325 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted StockF5 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,000 | 1,000 | D |
Explanation of responses
- F1Prior to the date of the transactions reported herein, 5,375 shares owned by the Reporting Person's wife in her individual capacity were transferred to joint ownership with the Reporting Person. The sale of the shares indicated in column 4 of Table I were from this block of shares.
- F2This transaction was executed in multiple trades at prices ranging from $53.50 to $53.62. 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.
- F3Following the sale of the 904 shares reported herein, this total includes 4,471 shares previously owned indirectly by the Reporting Person's wife.
- F4This transaction was executed in multiple trades at prices ranging from $53.81 to $53.98. 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.
- F5The 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.