SOUTHCOAST FINANCIAL CORP 4
4 · SOUTHCOAST FINANCIAL CORP · Filed Jun 17, 2016
Insider Transaction Report
Form 4
Hutchinson Stephen F
Director
Transactions
- Disposition to Issuer
Common Stock
2016-06-17−25,750→ 0 total - Disposition to Issuer
Common Stock
2016-06-17−8,163→ 0 total(indirect: By Partnership)
Footnotes (1)
- [F1]Disposal pursuant to merger between issuer and BNC Bancorp, effective June 17, 2016, in exchange for 0.6068 shares of BNC Bancorp common stock per share, with the BNC common stock having a market value of $23.22 at closing of the market on June 16, 2016.