SEC Form 4 · accession 0001171843-16-009864
First NBC Bank Holding Co · FNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Burnell
Officer — SEVP & CHIEF CREDIT OFFICER
Period of report
May 5, 2016
Accepted (ET)
May 10, 2016 · 12:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001496631
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF1 | May 5, 2016 | M | 20,000 | $10.00 | A | 23,168 | D | |
| COMMON STOCKF1 | May 5, 2016 | F | 13,690 | $18.99 | D | 9,478 | D | |
| COMMON STOCKF2 | holding | — | — | — | 663 | I | BY ISSUER ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| STOCK OPTIONSF3 | $10.00 | May 5, 2016 | M | 20,000 | D | — | May 19, 2016 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. The reporting person received 6,310 shares of common stock on net exercise of options to purchase 20,000 shares of common stock. The reporting person surrendered 13,690 shares of common stock underlying the option in payment of the exercise price and satisfaction of withholding obligations, using a closing stock price on May 5, 2016 of $18.99 per share.
- F2Reflects shares allocated to the account of the reporting person pursuant to the issuer's Employee Stock Ownership Plan.
- F3Options vested in three equal annual installments beginning on May 19, 2007 and were fully exercisable.