SEC Form 4 · accession 0001654954-17-011407
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
Nov 28, 2017
Accepted (ET)
Dec 7, 2017 · 5:28 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 StockF1 | Nov 21, 2017 | G | 500 | $0.00 | D | 3,500 | I | By children |
| Common StockF2 | Nov 28, 2017 | G | 331 | $0.00 | D | 12,269 | D | |
| Common Stock | Dec 4, 2017 | G | 19 | $0.00 | D | 12,250 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted StockF3 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,500 | 1,500 | D |
| Restricted StockF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,126 | 1,126 | D |
Explanation of responses
- F1Represents a transfer of shares from the Reporting Person's child.
- F2Includes 500 shares previously held by the Reporting Person's children.
- F3The restricted stock vests and becomes freely transferable on April 1, 2018.
- F4The restricted stock vests and becomes freely transferable on April 1, 2019.