SEC Form 4 · accession 0001552781-16-002119
Entegra Financial Corp. · ENFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bobby D. Sanders II
Officer — EVP & Chief Credit Admin Off
Period of report
Nov 30, 2016
Accepted (ET)
Dec 1, 2016 · 6:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001522327
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 30, 2016 | A | 1,950 | $0.00 | A | 3,950 | D | |
| Common StockF1 | Nov 30, 2016 | F | 623 | $19.40 | D | 3,327 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3,F5 | — | holding | — | — | — | Nov 30, 2017 | — | Common Stock | 7,800 | 7,800 | D |
| Stock OptionsF4,F5 | $18.55 | holding | — | — | — | Nov 30, 2016 | — | Common Stock | 22,750 | 22,750 | D |
Explanation of responses
- F1On 11/30/2016, 1,950 restricted stock units vested according to their terms. Consequently, 1,327 shares of Common Stock were issued to Mr. Sanders and the balance (623 shares) were withheld by the Company to satisfy certain tax withholding obligations related to the vesting of the restricted stock units.
- F2Each restricted stock unit represents the contingent right to receive one share of Common Stock upon vesting of the unit.
- F3The remaining restricted stock units vest in four equal annual installments beginning on 11/30/2017.
- F4Stock options vest in five equal annual installment beginning on 11/30/2016, the first anniversary of the date of the grant.
- F5No expiration date.