4//SEC Filing
Pietrzak John 4
Accession 0001104659-17-048768
CIK 0001091491other
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 1:40 PM ET
Size
7.3 KB
Accession
0001104659-17-048768
Insider Transaction Report
Form 4
Pietrzak John
Director
Transactions
- Disposition to Issuer
Common Stock
2017-07-31−10,000→ 0 total - Disposition to Issuer
Common Stock
2017-07-31−35,968,163→ 0 total(indirect: See Footnote)
Footnotes (2)
- [F1]On July 31, 2017, pursuant to that certain Agreement and Plan of Merger, dated as of April 19, 2017 (the "Merger Agreement"), by and among United Community Banks, Inc. ("United") and HCSB Financial Corporation ("HCSB"), HCSB merged with and into United, with United surviving the merger (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger, each share of common stock, $0.01 par value, of HCSB issued and outstanding immediately prior to the effective time of the Merger (other than shares held by HCSB, United, or any of their respective wholly owned subsidiaries) was converted into the right to receive 0.0050 shares of United common stock, $1.00 par value per share (subject to the payment of cash in lieu of fractional shares) (the "Merger Consideration"). As a result of the Merger, John T. Pietrzak ("Mr. Pietrzak") no longer beneficially owns directly or indirectly any shares of HCSB common stock.
- [F2]These securities were held directly by Castle Creek Capital Partners VI, LP ("Fund VI"). Mr. Pietrzak is a managing principal of Castle Creek Capital VI LLC, the sole general partner of Fund VI.
Documents
Issuer
HCSB FINANCIAL CORP
CIK 0001091491
Entity typeother
Related Parties
1- filerCIK 0001481798
Filing Metadata
- Form type
- 4
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 1:40 PM ET
- Size
- 7.3 KB