SEC Form 4 · accession 0000870385-16-000058
CAROLINA FINANCIAL CORP · CARO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerry L Rexroad
Officer — President and Chief Executive · Director
Period of report
Nov 10, 2016
Accepted (ET)
Nov 14, 2016 · 5:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000870385
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF1,F2 | Oct 14, 2016 | L | 1 | $22.21 | A | 1,001 | I | BY DAUGHTER |
| COMMON STOCKF4 | Nov 10, 2016 | S | 1,001 | $25.40 | D | 0 | I | BY DAUGHTER |
| COMMON STOCK | holding | — | — | — | 11,040 | I | BY WIFE | |
| COMMON STOCK | holding | — | — | — | 295,600 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1THIS TRANSACTION REPRESENTS THE ACQUISITION OF 1.35 SHARES BY THE REPORTING PERSONS DAUGHTER WHO RESIDES IN THE REPORTING PERSONS HOUSEHOLD,AS A RESULT OF THE REINVESTMENT OF DIVIDENDS. THIS TRANSACTION WAS NOT PREVIOUSLY REPORTED IN ACCORDANCE WITH RULE 16a-6.
- F2THIS TRANSACTION REPRESENTS THE DISPOSITION OF SHARES BY THE REPORTING PERSONS DAUGHTER, WHO RESIDES IN THE REPORTING PERSONS HOUSEHOLD.
- F3THIS TRANSACTION WAS MATCHABLE UNDER SECTION 16(B) OF THE SECURITIES EXCHANGE ACT OF 1934, TO THE EXTENT OF 1.35 SHARES, WITH THE REPORTING PERSONS ACQUISITION OF 1.35 SHARES AT A PRICE OF $22.21 ON OCTOBER 14, 2016. THE REPORTING PERSON HAS PAID $4.31 TO THE ISSUER, REPRESENTING THE FULL AMOUNT OF THE PROFIT REALIZED IN CONNECTION WITH THE SHORT-SWING TRANSACTION.
- F4IN ADDITION, THE REPORTING PERSON NO LONGER HAS A REPORTABLE BENEFICIAL INTEREST IN THE 1,000 SHARES THAT WERE OWNED BY THE REPORTING PERSONS OTHER DAUGHTER AND INCLUDED IN THE REPORTING PERSONS PRIOR OWNERSHIP REPORTS.