SEC Form 4 · accession 0001654954-17-011884
Paragon Commercial CORP · PBNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven E Crouse
Officer — E.V.P. and C.F.O.
Period of report
Dec 22, 2017
Accepted (ET)
Dec 27, 2017 · 5:32 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 | Dec 22, 2017 | M | 2,875 | $43.20 | A | 14,100 | D | |
| Common Stock | Dec 22, 2017 | F | 2,213 | $56.12 | D | 11,887 | D |
Table II — derivative securities
| 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 | $43.20 | Dec 22, 2017 | M | 2,875 | D | — | Jun 18, 2018 | Common Stock | 2,875 | 0 | D |
| Restricted StockF2 | $0.00 | holding | — | — | — | — | — | Common Stock | 863 | 863 | D |
| Restricted StockF3 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,092 | 1,092 | D |
Explanation of responses
- F1The 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.
- F2The restricted stock vests and becomes freely transferrable on April 1, 2018.
- F3The restricted stock vests and becomes freely transferrable on April 1, 2019.