SEC Form 4 · accession 0001437749-16-034964
Avenue Financial Holdings, Inc. · AVNU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Peter McCann
Officer — EVP & Dir of Mtge Lending
Period of report
Jul 1, 2016
Accepted (ET)
Jul 6, 2016 · 6:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001616297
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 1, 2016 | F | 664 | $19.59 | D | 48,481 | D | |
| Common StockF2 | Jul 1, 2016 | D | 48,481 | $19.65 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee stock option (right to buy)F3 | $10.00 | Jul 1, 2016 | D | 10,000 | D | — | Sep 17, 2017 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1Shares forfeited back to the issuer for tax withholding in connection with vesting of previously issued restricted stock award.
- F2Disposed of pursuant to merger agreement between issuer and Pinnacle Financial Partners, Inc. in exchange for .36 shares of Pinnacle Financial Partners, Inc. common stock having a closing price of $48.85 per share immediately prior to the effective time of the merger and $2 per share in cash.
- F3This options, which vested in various installment based on time and performance-based conditions, was canceled in the merger in exchange for a cash payment of $20 per share less the $10 exercise price of the option.