SEC Form 4 · accession 0000870385-19-000011
CAROLINA FINANCIAL CORP · CARO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L. Morrow
Officer — Executive VP and Director · Director
Period of report
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 1:01 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 | 1,828 | — | A | 131,025 | D | |
| Common Stock | Feb 15, 2019 | A | 602 | $0.00 | A | 131,627 | D | |
| Common StockF2 | Feb 15, 2019 | F | 835 | $36.15 | D | 130,792 | D | |
| Common Stock | holding | — | — | — | 5,904 | 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 | 1,828 | D | — | — | Common Stock | 1,828 | 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 and the grant of a stock bonus in February 2019.