SEC Form 4 · accession 0000870385-17-000001
CAROLINA FINANCIAL CORP · CARO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerry L Rexroad
Officer — PRES & CEO · Director
Period of report
Jan 20, 2017
Accepted (ET)
Jan 23, 2017 · 4:45 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 STOCK | Jan 20, 2017 | F | 1,013 | $28.36 | D | 294,587 | D | |
| COMMON STOCKF1 | Jan 21, 2017 | M | 4,320 | $0.00 | A | 298,907 | D | |
| COMMON STOCK | Jan 21, 2017 | F | 2,035 | $29.25 | D | 296,872 | D | |
| COMMON STOCK | Jan 21, 2017 | F | 1,367 | $29.25 | D | 295,505 | D | |
| COMMON STOCK | holding | — | — | — | 11,040 | I | BY SPOUSE |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RESTRICTED STOCK UNITSF1 | $29.25 | Jan 21, 2017 | M | 4,320 | A | Jan 21, 2017 | Jan 21, 2017 | COMMON STOCK | 4,320 | 2,285 | D |
Explanation of responses
- F1These shares were issued upon the vesting of Restricted Stock Units from January 2015. On July 31, 2015, the Company paid a 20% stock dividend which has been accounted for in the total shares held on this Section 16 form.