SEC Form 4 · accession 0001247524-15-000317
National Commerce Corp · NCOM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell H Vandevelde IV
Director
Period of report
Dec 17, 2015
Accepted (ET)
Dec 21, 2015 · 5:31 pm EST
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,F1,F3 | — | Dec 17, 2015 | A | 236 | A | — | — | Common Stock | 236 | 1,063 | 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.