SEC Form 4 · accession 0001239877-17-000007
Ameris Bancorp · ABCB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon S Edwards
Officer — EVP & Chief Credit Officer
Period of report
May 1, 2017
Accepted (ET)
May 4, 2017 · 10:27 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000351569
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 1, 2017 | M | 7,894 | $22.23 | A | 58,651 | D | |
| Common StockF1 | May 1, 2017 | M | 5,139 | $14.76 | A | 63,790 | D | |
| Common Stock | holding | — | — | — | 12 | I | Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ABCB Incentive Stock OptionF2 | $22.23 | May 1, 2017 | M | 7,894 | A | Jun 13, 2012 | Jun 13, 2017 | Common | 7,894 | 0 | D |
| ABCB Incentive Stock OptionF3 | $14.76 | May 1, 2017 | M | 5,139 | A | Feb 19, 2008 | Feb 19, 2018 | Common | 5,139 | 0 | D |
Explanation of responses
- F1This total includes 19.75157 shares acquired by the reporting person as a participant in an employee stock purchase dividend reinvestment plan.
- F2On June 13, 2007, the reporting person was granted an option to purchase 8,000 shares of common stock at an exercise price of $22.23. The option vests in five equal installments based on the achievement of certain annual perfomance benchmarks. The performance criteria for 2008, 2010, 2011 and 2012 were met at 100% and the performance criteria for 2009 was met at 80% of target, resulting in vesting of the option in the amount of 7,894 shares, which number was adjusted to reflect the stock dividends that were issued October, 10, 2009, January 10, 2010, April 10, 2010 and July 10, 2010.
- F3On February 19, 2008, the reporting person was granted an option to purchase 5,000 shares of common stock at an exercise price of $14.76. The option cliff vests over a three year period beginning on award anniversary date at 100%, resulting in vesting of the option in the amount of 5,139 shares, which number was adjusted to reflect the stock dividends that were issued October, 10, 2009, January 10, 2010, April 10, 2010 and July 10, 2010.