SEC Form 4 · accession 0001239878-17-000006
Ameris Bancorp · ABCB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edwin W Hortman Jr.
Officer — President & CEO · Director
Period of report
May 4, 2017
Accepted (ET)
May 8, 2017 · 3:14 pm 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 8, 2017 | M | 15,421 | $7.46 | A | 234,664 | D | |
| Common Stock | May 5, 2017 | S | 4,615 | $47.0033 | D | 219,243 | D | |
| Common Stock | May 4, 2017 | S | 9,963 | $47.5412 | D | 223,858 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CommonF1 | $7.46 | May 8, 2017 | M | 15,421 | A | Jan 31, 2014 | Jan 31, 2019 | Common | 15,421 | 0 | D |
Explanation of responses
- F1On January 20, 2009, the reporting person was granted an option to purchase 15,000 shares of common stock at an exercise price of $7.46. The option vests in five equal installmants based on achievement of certain annual performance benchmarks. The performance criteria for 2010, 2011, 2012, 2013 and 2014 were met at 100%, resulting in the vesting of the option in the amount of 15,421 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.