SEC Form 4 · accession 0001318321-15-000004
Ameris Bancorp · ABCB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis J Zember Jr.
Officer — EVP & CFO
Period of report
Feb 13, 2015
Accepted (ET)
Feb 17, 2015 · 7:22 pm EST
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 | Feb 13, 2015 | M | 12,337 | $16.42 | A | 150,431 | D | |
| Common | Feb 13, 2015 | M | 5,140 | $17.51 | A | 155,571 | D | |
| Common | holding | — | — | — | 2,076 | I | Sons |
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 Option PlanF1 | $16.42 | Feb 13, 2015 | M | 12,337 | D | Feb 15, 2010 | Feb 15, 2015 | Common | 12,337 | 0 | D |
| ABCB Incentive Stock Option PlanF2 | $17.51 | Feb 13, 2015 | M | 5,140 | D | Jun 28, 2010 | Jun 28, 2015 | Common | 5,140 | 0 | D |
Explanation of responses
- F1This option was previously reported as covering 10,000 shares at an exercise price of $20.26 per share, but was adjusted to reflect a stock split that occurred on March 31, 2005 and the stock dividends that were issued on October 10, 2009, January 10, 2010, April 9, 2010, and July 9, 2010.
- F2On June 28, 2005, the reporting person was granted an option to purchase 12,500 shares of common stock at an exercise price of $18.00. The option vests in five equal installments based on the achievement of certain annual performance benchmarks. The performance criteria for 2005 and 2006 were met, resulting in vesting of the option as to 5,000 shares, which number was adjusted to reflect the stock dividends that were issued on October 10, 2009, January 10, 2010, April 9, 2010, and July 9, 2010.