SEC Form 4 · accession 0000870385-19-000008
CAROLINA FINANCIAL CORP · CARO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerry L Rexroad
Officer — President & Chief Executive Of · Director
Period of report
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 12:42 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 | Feb 15, 2019 | M | 2,751 | — | A | 246,906 | D | |
| Common Stock | Feb 15, 2019 | A | 747 | $0.00 | A | 247,653 | D | |
| Common StockF2 | Feb 15, 2019 | F | 2,042 | $36.15 | D | 245,611 | 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 | — | Feb 15, 2019 | M | 2,751 | D | — | — | Common Stock | 2,751 | 0 | D |
Explanation of responses
- F1These shares were issued upon the vesting of restricted stock units from February 2017, which converted into common stock on a one-for-one basis.
- F2These shares include shares sold to cover tax withholdings on the vesting of restricted stock units from February 2017, the vesting of restricted stock from February 2017, and the grant of a stock bonus in February 2019.