SEC Form 4 · accession 0000870385-17-000004
CAROLINA FINANCIAL CORP · CARO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
M. J. Huggins III
Officer — Exec VP & Secretary
Period of report
Jan 21, 2017
Accepted (ET)
Jan 24, 2017 · 11:11 am 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 | Jan 21, 2017 | M | 1,296 | $0.00 | A | 65,593 | D | |
| COMMON STOCK | Jan 21, 2017 | F | 514 | $29.25 | D | 65,079 | D |
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 | 1,296 | A | Jan 21, 2017 | Jan 21, 2017 | COMMON STOCK | 1,296 | 782 | 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.