SEC Form 4 · accession 0001430723-17-000018
ServisFirst Bancshares, Inc. · SFBS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rex D McKinney
Officer — Regional CEO/EVP
Period of report
Apr 28, 2017
Accepted (ET)
May 2, 2017 · 4:17 pm EDT
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 | Apr 28, 2017 | M | 54,000 | $4.17 | A | 162,000 | D | |
| COMMON STOCKF2 | Apr 28, 2017 | F | 16,660 | $4.17 | D | 145,340 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| STOCK OPTION (RIGHT TO BUY) | $4.17 | Apr 28, 2017 | M | 54,000 | D | Jan 19, 2016 | Jan 19, 2021 | COMMON STOCK | 54,000 | 50,000 | D |
Explanation of responses
- F1On 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 one additional share of ServisFirst Bancshares, Inc. common stock for each share held. As a result, the reporting person received 54,000 additional shares of ServisFirst Bancshares, Inc. common stock as of December 20, 2016.
- F2These shares were withheld in payment of taxes and were approved by the Compensation Committee as an exempt disposition under Rule 16b-3(e).