SEC Form 4 · accession 0001430723-17-000006
ServisFirst Bancshares, Inc. · SFBS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clarence C. Pouncey III
Officer — Executive VP and COO
Period of report
Feb 14, 2017
Accepted (ET)
Feb 16, 2017 · 5:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001430723
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF1,F2 | Feb 14, 2017 | S | 38,400 | $41.87 | D | 705,602 | D | |
| COMMON STOCKF3,F2 | Feb 15, 2017 | S | 11,600 | $42.04 | D | 694,002 | D | |
| COMMON STOCKF2 | holding | — | — | — | 27,720 | I | By Entity in which Spouse Holds Interest | |
| COMMON STOCKF2,F4 | holding | — | — | — | 6,000 | I | By Pouncey Education Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions ranging in price from $41.75 to $42.06, inclusive. The reporting person undertakes to provide ServisFirst Bancshares, Inc., any security holder of ServisFirst Bancshares, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price set forth in this footnote (1) to this Form 4.
- F2On November 16, 2016 ServisFirst Bancshares, Inc. declared a 2-for-1 stock split in the form of a stock dividend. On December 20, 2016, all holders of record of common stock as of the close of business on December 5, 2016 received a distribution of an additional share of ServisFirst Bancshares, Inc. common stock for each share held.
- F3The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions ranging in price from $41.75 to $42.25, inclusive. The reporting person undertakes to provide ServisFirst Bancshares, Inc., any security holder of ServisFirst Bancshares, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price set forth in this footnote (3) to this Form 4.
- F4The reporting person was appointed trustee of the Pouncey Education Trust on April 2, 2015. Members of the reporting person's immediate family are among the beneficiaries of the trust. The reporting person disclaims beneficial ownership of the SFBS common stock held by the trust except to the extent of his pecuniary interest therein.