SEC Form 4 · accession 0001144204-17-061919
Capital Bank Financial Corp. · CBF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Kauffman
Director
Period of report
Nov 30, 2017
Accepted (ET)
Dec 1, 2017 · 4:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001479750
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, par value $0.01 per shareF1 | Nov 30, 2017 | D | 43 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 30, 2017 (the "Closing Date"), pursuant to that Agreement and Plan of Merger, dated as of May 3, 2017 (the "Merger Agreement"), by and between Capital Bank Financial Corp. ("Capital Bank") and First Horizon National Corp. ("FHN"), each share of Capital Bank's Class A Common Stock issued and outstanding immediately prior to the Closing Date (other than Exception Shares (as defined in the Merger Agreement)) was converted into the right to receive, at the election of the holder but subject to proration, either $40.573 in cash or 2.1732 shares of common stock of FHN (based on the average closing sale price of FHN common stock for the ten full trading days prior to the Closing Date). The Reporting Person received 2.1732 shares of common stock of FHN for each share of Class A Common Stock of Capital Bank held by the Reporting Person on the Closing Date.