SEC Form 4 · accession 0001437749-17-020110

Park Sterling Corp · PSTB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Nov 30, 2017

Accepted (ET)

Dec 4, 2017 · 1:16 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001507277

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	D/I	Nature of ownership
Common Stock^F1	Nov 30, 2017	D	97,784	—	D	D
Common Stock^F1	Nov 30, 2017	D	58,298	—	D	I	Trust
Common Stock^F1	Nov 30, 2017	D	1,910	—	D	I	Children

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to Buy)^F2	$6.50	Nov 30, 2017	D	32,340	D	Aug 12, 2010	Aug 12, 2020	Common Stock	32,340	0	D
Stock Option (Right to Buy)^F2	$13.23	Nov 30, 2017	D	13,750	D	Dec 19, 2007	Dec 19, 2017	Common Stock	13,750	0	D

F1Disposed of pursuant to the Agreement and Plan of Merger, dated as of April 26, 2017 (the "Merger Agreement"), between the Issuer and South State Corporation ("South State"), whereby each share of the Issuer's common stock, other than certain shares owned by the Issuer and South State, was converted into the right to receive 0.14 shares of South State's common stock.
F2Disposed of pursuant to the Merger Agreement, whereby each option to purchase the Issuer's common stock, whether vested or unvested, was converted into the right to receive an amount in cash equal to the product of (a) the number of shares of Issuer common stock subject to such stock option immediately prior to the effective time of the merger and (b) the excess, if any, of (i) the product of (A) the average closing price per share for South State's common stock for the ten full trading days ending on the day immediately preceding the closing date and (B) 0.14, over (ii) the exercise price of such option.