SEC Form 4 · accession 0001497275-19-000028
STATE BANK FINANCIAL CORP · STBZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph W Evans
Officer — Chief Executive Officer · Director
Period of report
Dec 28, 2018
Accepted (ET)
Jan 3, 2019 · 1:41 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001497275
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCK | Dec 28, 2018 | G | 40,000 | $0.00 | D | 354,189 | D | |
| COMMON STOCKF1 | Dec 28, 2018 | G | 40,000 | $0.00 | A | 40,000 | I | By trust |
| COMMON STOCKF2 | Jan 1, 2019 | D | 354,189 | — | D | 0 | D | |
| COMMON STOCKF3 | Jan 1, 2019 | D | 40,000 | — | D | 0 | I | By trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 28, 2018, the reporting person contributed 40,000 shares of State Bank Financial Corporation ("STBZ") common stock to a charitable remainder trust of which the reporting person is a trustee and of which the reporting person and his wife are beneficiaries. The reporting person continues to report beneficial ownership of all the STBZ common stock held by the trust but disclaims beneficial ownership except to the extent of his and his wife's pecuniary interest.
- F2Disposed of pursuant to an agreement and plan of merger between STBZ and Cadence Bancorporation ("Cadence") in exchange for 450,174 shares of Cadence Class A common stock having a market value of $16.78 per share as of December 31, 2018, the last trading day before the effective date of the merger, which represents an exchange ratio of 1.271 shares of Cadence Class A common stock for each share of STBZ common stock.
- F3Disposed of pursuant to an agreement and plan of merger between STBZ and Cadence Bancorporation ("Cadence") in exchange for 50,840 shares of Cadence Class A common stock having a market value of $16.78 per share as of December 31, 2018, the last trading day before the effective date of the merger, which represents an exchange ratio of 1.271 shares of Cadence Class A common stock for each share of STBZ common stock.