SEC Form 4 · accession 0001144204-16-130257
CommunityOne Bancorp · COB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Kauffman
Director
Period of report
Oct 26, 2016
Accepted (ET)
Oct 28, 2016 · 4:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000764811
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock, no par value per shareF1 | Oct 26, 2016 | D | 100 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On October 26, 2016 (the "Closing Date"), pursuant to that Agreement and Plan of Merger, dated as of November 22, 2015 (the "Merger Agreement"), by and between Capital Bank Financial Corp. ("Capital Bank") and CommunityOne Bancorp ("COB"), each share of common stock of COB issued and outstanding immediately prior to the Closing Date (other than Exception Shares (as defined in the Merger Agreement)) was converted into the right to receive, at the election of the holder but subject to proration, either (i) $14.25 in cash without interest, or (ii) 0.4300 shares of Class A Common Stock of Capital Bank (subject to the payment of cash in lieu of fractional shares). On October 26, 2016, the Reporting Person received 0.4300 shares of Class A Common Stock of Capital Bank for each share of common stock of COB held by the Reporting Person on the Closing Date.