4//SEC Filing
Patel Anil 4
Accession 0000899243-18-009290
CIK 0001407067other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 5:30 PM ET
Size
9.9 KB
Accession
0000899243-18-009290
Insider Transaction Report
Form 4
Patel Anil
Director
Transactions
- Other
Common Stock
2018-04-01+58,002→ 58,002 total - Other
Common Stock
2018-04-01+46,402→ 46,402 total(indirect: By Spouse) - Other
Stock Option (right to buy)
2018-04-01+45,153→ 45,153 totalExercise: $27.13Exp: 2020-04-01→ Common Stock (45,153 underlying)
Footnotes (5)
- [F1]On April 1, 2018 (the "Effective Date"), Civic Bank & Trust ("Civic") merged with and into Franklin Synergy Bank, a wholly-owned subsidiary of Franklin Financial Network, Inc. (the "Issuer") (the "Merger"). Effective as of the Effective Date, the reporting person was appointed to the Board of Directors of the Issuer. Pursuant to the terms of the Agreement and Plan of Reorganization and Bank Merger, as amended (the "Merger Agreement"), (i) each outstanding share of Civic common stock was exchanged for 0.3686 shares of the Issuer's common stock, and (ii) each option to purchase a share of common stock of Civic was converted into an option to purchase a share of common stock of the Issuer multiplied by 0.3686, and the exercise price of the resulting option became the exercise price of such option to purchase a share of Civic common stock divided by 0.3686.
- [F2]Received in exchange for 157,360 shares of Civic common stock in connection with the Merger.
- [F3]Received in exchange for 125,888 shares of Civic common stock in connection with the Merger.
- [F4]The option fully vested upon the consummation of the Merger pursuant to the terms of the reporting person's option agreement with Civic.
- [F5]Received in the Merger in exchange for a stock option to purchase 122,500 shares of Civic common stock for $10.00 per share.
Documents
Issuer
Franklin Financial Network Inc.
CIK 0001407067
Entity typeother
Related Parties
1- filerCIK 0001736272
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 5:30 PM ET
- Size
- 9.9 KB