SEC Form 4 · accession 0001654954-17-006900

Paragon Commercial CORP · PBNC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Charlotte Market President

Period of report

Jul 31, 2017

Accepted (ET)

Aug 2, 2017 · 9:53 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
Common Stock	Jul 31, 2017	M	5,000	$42.40	A	12,000	D
Common Stock	Jul 31, 2017	M	2,500	$43.20	A	14,500	D
Common Stock	Jul 31, 2017	F	6,046	$52.92	D	8,454	D

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	Jul 31, 2017	M	5,000	D	—	Aug 24, 2017	Common Stock	5,000	0	D
Employee Stock Option (right to buy)^F2	$43.20	Jul 31, 2017	M	2,500	D	—	Jun 8, 2018	Common Stock	2,500	0	D
Restricted Stock^F3	$0.00	holding	—	—	—	—	—	Common Stock	1,500	1,500	D
Restricted Stock^F4	$0.00	holding	—	—	—	—	—	Common Stock	1,161	1,161	D

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.