SEC Form 4 · accession 0001171843-16-010140
First NBC Bank Holding Co · FNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George L. Jourdan
Officer — EVP & CHIEF OPERATIONS OFFICER
Period of report
May 17, 2016
Accepted (ET)
May 18, 2016 · 1:43 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 17, 2016 | M | 20,000 | $10.00 | A | 28,193 | D | |
| COMMON STOCKF1 | May 17, 2016 | F | 14,072 | $18.01 | D | 14,121 | D | |
| COMMON STOCKF2 | holding | — | — | — | 680 | 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 OPTIONS (RIGHT TO BUY)F3 | $10.00 | May 17, 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 5,928 shares of common stock on net exercise of options to purchase 20,000 shares of common stock. The reporting person surrendered 14,072 shares of common stock underlying the options in payment of the exercise price and satisfaction of withholding obligations, using the closing market price at May 17, 2016 of $18.01 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 are fully exercisable.