SEC Form 4 · accession 0001520300-17-000011

ASB Bancorp Inc · ASBB

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

Reporting owner

Officer — President & CEO · Director

Period of report

Sep 8, 2017

Accepted (ET)

Sep 11, 2017 · 12:12 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001520300

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Sep 8, 2017	M	25,456	$15.712	A	52,143	D
Common Stock^F1	Sep 8, 2017	F	9,163	$43.65	D	42,980	D
Common Stock	holding	—	—		—	5,741	I	By ESOP
Common Stock	holding	—	—		—	31,151	I	By 401(k) Plan
Common Stock^F2	holding	—	—		—	10,277	I	Restricted Stock I
Common Stock	holding	—	—		—	5,000	I	By Spouse

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (right to buy)^F3	$15.712	holding	—	—	—	Feb 5, 2014	Feb 5, 2023	Common Stock	74,544	74,544	D

F1This transaction reflects the exercise of an Incentive Stock Option for a total of 25,456 shares by means of a stock swap. A stock swap is a method of exercising a stock option in which the option holder attests to the ownership of enough shares of stock already owned by the option holder to cover the exercise price of the option being exercised. As a result of this stock swap, the Reporting Person acquired ownership of an additional 16,293 shares of common stock.
F2Shares of restricted stock vest in five equal annual installments beginning on February 5, 2014, the first anniversary of the date of the award.
F3Stock options vest in five equal annual installments beginning on February 5, 2014, the first anniversary of the date of the grant.