SEC Form 4 · accession 0000950103-16-014960
C1 Financial, Inc. · BNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Erwin Russel
10% Owner
Period of report
Jul 21, 2016
Accepted (ET)
Jul 21, 2016 · 6:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001609132
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 21, 2016 | D | 1,875,616 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As of the effective time of the transactions contemplated by the Agreement and Plan of Merger, dated as of November 9, 2015 (the "Merger Agreement"), by and among the Issuer, C1 Bank, a Florida state bank and wholly-owned subsidiary of Issuer, Bank of the Ozarks, Inc., an Arkansas corporation ("OZRK"), and Bank of the Ozarks, an Arkansas state banking corporation and a wholly-owned subsidiary of OZRK, each share of the Issuer's common stock held by the reporting person was disposed of pursuant to the Merger Agreement in exchange for 0.6283 shares of OZRK common stock.