SEC Form 4 · accession 0001654954-17-008584
Paragon Commercial CORP · PBNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard Jung
Director
Period of report
Sep 15, 2017
Accepted (ET)
Sep 19, 2017 · 4:28 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 Stock | Sep 15, 2017 | M | 500 | $0.00 | A | 66,425 | D | |
| Common Stock | holding | — | — | — | 40,585 | 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 StockF1 | $0.00 | Sep 15, 2017 | M | 500 | D | — | — | Common Stock | 500 | 500 | D |
Explanation of responses
- F1This Form 4 reflects a correction to the vesting schedule. The restricted stock vests and becomes freely transferable in three equal annual installments beginning on September 15, 2016, as follows: 500 shares vest on each of September 15, 2016, 2017, and 2018. Previous filings erroneously indicated that the restricted stock vested on September 1, 2016, 2017, and 2018.