4//SEC Filing
KOURY ERNEST A JR 4
Accession 0000909654-06-000111
CIK 0001074078other
Filed
Jan 11, 7:00 PM ET
Accepted
Jan 12, 3:58 PM ET
Size
5.6 KB
Accession
0000909654-06-000111
Insider Transaction Report
Form 4
KOURY ERNEST A JR
Director
Transactions
- Disposition to Issuer
Common Stock
2006-01-03−1,000→ 0 total
Footnotes (1)
- [F1]Pursuant to the Merger Agreement, on the effective date of the merger of 1st State Bancorp, Inc. (the Issuer) with and into Capital Bank Corporation, these shares of Issuer common stock were converted into the right to receive, at the election of the Reporting Person but subject to the allocation procedures set forth in the Merger Agreement: (i) 2.434788 shares of Capital Bank Corporation common stock, rounded to the nearest whole share, for each share of Issuer common stock; (ii) $37.15 in cash for each share of Issuer common stock; or (iii) 1.684457 shares of Capital Bank Corporation common stock, rounded to the nearest whole share, and $11.4486 in cash for each share of Issuer common stock. The Reporting Person has until February 8, 2006 to elect the form of merger consideration he wishes to receive.
Documents
Issuer
1ST STATE BANCORP INC
CIK 0001074078
Entity typeother
Related Parties
1- filerCIK 0001247305
Filing Metadata
- Form type
- 4
- Filed
- Jan 11, 7:00 PM ET
- Accepted
- Jan 12, 3:58 PM ET
- Size
- 5.6 KB