SEC Form 4 · accession 0001247524-15-000195
National Commerce Corp · NCOM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
G Ruffner Page Jr.
Director
Period of report
Jun 16, 2015
Accepted (ET)
Jun 18, 2015 · 2:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001609951
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF2,F4,F1,F3 | — | Jun 16, 2015 | A | 67 | A | — | — | Common Stock | 67 | 1,064 | D |
Explanation of responses
- F1Each of the phantom stock units is the economic equivalent of one share of the Issuer's common stock.
- F2Reflects phantom stock units acquired through participation in the National Commerce Corporation Deferral of Compensation Plan for Key Employees and Non-Employee Directors (the "Deferral Plan").
- F3The phantom stock units are to be settled in shares of the Issuer's common stock in accordance with the Deferral Plan at the end of the deferral period.
- F4The Form 4 filed on May 6, 2015 for the reporting person incorrectly reported the number of phantom stock units granted to the reporting person on April 23, 2015 as 555.04 units. The correct number of phantom stock units granted to the reporting person on such date was 389.9 units.The total number of phantom stock units reported here has been adjusted to reflect this correction.