SEC Form 4 · accession 0001179110-16-027292
1st Century Bancshares, Inc. · FCTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stanley R Zax
Director
Period of report
Jul 1, 2016
Accepted (ET)
Jul 5, 2016 · 2:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001420525
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF2,F3,F4 | Jul 1, 2016 | D | 38,391 | $11.22 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Disposed of pursuant to the Agreement and Plan of Merger, dated as of March 10, 2016, among 1st Century Bancshares, Inc. (the "Company"), Midland Financial Co.("Midland") and MC 2016 Corp., a wholly-owned subsidiary of Midland (the "Merger Agreement").
- F2Includes restricted shares.
- F3Disposed of pursuant to the Merger Agreement in exchange for $11.22 for each share of the Company's common stock.
- F4Pursuant to the terms of the Merger Agreement, each restricted share of the Company held by the reporting person was cancelled and converted into the right to receive $11.22.