PALMETTO BANCSHARES INC 5

5 · PALMETTO BANCSHARES INC · Filed Jan 8, 2015

Insider Transaction Report

Form 5

Period: 2014-12-31

PALMETTO BANCSHARES INCPLMT

LYNCH JAMES J

Director10% Owner

Transactions

Other
Common Stock, $0.01 par value
2013-12-30−50→ 50 total
Other
Common Stock, $0.01 par value
2014-03-21−772→ 50 total
Other
Common Stock, $0.01 par value
2013-12-10−4,270→ 100 total
Award
Common Stock, $0.01 par value
2014-01-01+772→ 822 total
Other
Common Stock, $0.01 par value
2014-12-24−50→ 0 total

Holdings

Common Stock, $0.01 par value
(indirect: See Footnote)
2,453,360

Footnotes (11)

[F1]Patriot Financial Partners, GP, L.P. ("Patriot GP") is the sole general partner of each of Patriot Financial Partners, L.P. and Patriot Financial Partners Parallel, L.P. (together, the "Funds"). Accordingly, securities owned by the Funds may be regarded as being beneficially owned by Patriot GP. Patriot Financial Partners GP, LLC ("Patriot LLC") is the general partner of Patriot GP. Accordingly, securities owned or deemed to be owned by Patriot GP may be regarded as being beneficially owned by Patriot LLC. Mr. Lynch is a general partner of Patriot GP and a member of Patriot LLC. Mr. Lynch transferred the ownership of 4,270 personally owned shares (the vested portion of restricted common stock granted to Mr. Lynch by the Issuer) to the Funds on 12.10.2013.
[F10]Mr. Lynch, the Funds and the related entities disclaim beneficially ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that they are a beneficial owner of such securities for the purposes of Section 16.
[F11]Patriot Financial Partners, GP, L.P. ("Patriot GP") is the sole general partner of each of Patriot Financial Partners, L.P. and Patriot Financial Partners Parallel, L.P. (together, the "Funds"). Accordingly, securities owned by the Funds may be regarded as being beneficially owned by Patriot GP. Patriot Financial Partners GP, LLC ("Patriot LLC") is the general partner of Patriot GP. Accordingly, securities owned or deemed to be owned by Patriot GP may be regarded as being beneficially owned by Patriot LLC. Mr. Lynch is a general partner of Patriot GP and a member of Patriot LLC.
[F2]50 shares represent restricted stock grants for which vesting conditions had not yet been met as of 12.10.2013.
[F3]Patriot Financial Partners, GP, L.P. ("Patriot GP") is the sole general partner of each of Patriot Financial Partners, L.P. and Patriot Financial Partners Parallel, L.P. (together, the "Funds"). Accordingly, securities owned by the Funds may be regarded as being beneficially owned by Patriot GP. Patriot Financial Partners GP, LLC ("Patriot LLC") is the general partner of Patriot GP. Accordingly, securities owned or deemed to be owned by Patriot GP may be regarded as being beneficially owned by Patriot LLC. Mr. Lynch is a general partner of Patriot GP and a member of Patriot LLC. Mr. Lynch transferred the ownership of 50 personally owned shares (the vested portion of restricted common stock granted to Mr. Lynch by the Issuer) to the Funds on 12.30.2013.
[F4]This transaction was previously reported on 1.2.2014 but the resulting "Amount of Securities Beneficially Owned Following Reported Transaction(s)" was incorrect as a result of the previously corrected (12.10.2013 and 12.30.2013) transactions reported within this Form 5.
[F5]50 shares represent restricted stock grants for which vesting conditions had not yet been met as of 1.1.2014.
[F6]50 shares represent restricted stock grants for which vesting conditions had not yet been met as of 12.30.2013.
[F7]Patriot Financial Partners, GP, L.P. ("Patriot GP") is the sole general partner of each of Patriot Financial Partners, L.P. and Patriot Financial Partners Parallel, L.P. (together, the "Funds"). Accordingly, securities owned by the Funds may be regarded as being beneficially owned by Patriot GP. Patriot Financial Partners GP, LLC ("Patriot LLC") is the general partner of Patriot GP. Accordingly, securities owned or deemed to be owned by Patriot GP may be regarded as being beneficially owned by Patriot LLC. Mr. Lynch is a general partner of Patriot GP and a member of Patriot LLC. Mr. Lynch transferred the ownership of 772 personally owned shares (the vested portion of restricted common stock granted to Mr. Lynch by the Issuer) to the Funds on 3.21.2014.
[F8]50 shares represent restricted stock grants for which vesting conditions had not yet been met as of 3.21.2014.
[F9]Patriot Financial Partners, GP, L.P. ("Patriot GP") is the sole general partner of each of Patriot Financial Partners, L.P. and Patriot Financial Partners Parallel, L.P. (together, the "Funds"). Accordingly, securities owned by the Funds may be regarded as being beneficially owned by Patriot GP. Patriot Financial Partners GP, LLC ("Patriot LLC") is the general partner of Patriot GP. Accordingly, securities owned or deemed to be owned by Patriot GP may be regarded as being beneficially owned by Patriot LLC. Mr. Lynch is a general partner of Patriot GP and a member of Patriot LLC. Mr. Lynch transferred the ownership of 50 personally owned shares (the vested portion of restricted common stock granted to Mr. Lynch by the Issuer) to the Funds on 12.24.2014.

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