SEC Form 4 · accession 0001520300-17-000021

ASB Bancorp Inc · ASBB

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

Reporting owner

Director

Period of report

Oct 1, 2017

Accepted (ET)

Oct 3, 2017 · 5:17 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	D/I	Nature of ownership
Common Stock^F1	Oct 1, 2017	D	1,000	—	D	D
Common Stock^F1,F2	Oct 1, 2017	D	736	—	D	I	By ASBB Deferred Compensation Plan
Common Stock^F1	Oct 1, 2017	D	57,050	—	D	I	By Seidman and Associates, L.L.C.
Common Stock^F1	Oct 1, 2017	D	35,074	—	D	I	By Seidman Investment Partnership, L.P.
Common Stock^F1	Oct 1, 2017	D	56,148	—	D	I	By Seidman Investment Partnership II, L.P.
Common Stock^F1	Oct 1, 2017	D	10,056	—	D	I	By Seidman Investment Partnership III, L.P.
Common Stock^F1	Oct 1, 2017	D	28,213	—	D	I	By LSBK06-08, L.L.C.
Common Stock^F1	Oct 1, 2017	D	34,857	—	D	I	By Broad Park Investors, L.L.C.
Common Stock^F1	Oct 1, 2017	D	715	—	D	I	By Chewy Gooey Cookies, L.P.
Common Stock^F1	Oct 1, 2017	D	28,825	—	D	I	By CBPS, LLC

No Table II lines on this filing.

F1Disposed of pursuant to the Agreement and Plan of Merger and Reorganization, dated May 1, 2017, between First Bancorp ("FBNC") and the issuer, pursuant to which the issuer was merged with and into FBNC effective October 1, 2017 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of issuer common stock was exchanged for the right to receive 1.44 shares of FBNC common stock or $41.90 in cash, subject to the total consideration in the Merger being 90% stock / 10% cash. As a result of the Merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of issuer common stock.
F2Since the reporting person's last report, 26.9269 shares have been added.