BRAY JOHN N 4
4 · BANK OF GRANITE CORP · Filed Oct 25, 2011
Insider Transaction Report
Form 4
BRAY JOHN N
Director
Transactions
- Disposition to Issuer
Common Stock
2011-10-21−1,835→ 0 total(indirect: By Spouse) - Disposition to Issuer
Common Stock
2011-10-21−8,949→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to that certain Agreement and Plan of Merger, dated as of April 26, 2011, as amended by Amendment No. 1, dated as of June 16, 2011, and Amendment No. 2, dated as of August 15, 2011, by and among FNB United Corp., Gamma Merger Corporation and the issuer (the "Merger") in exchange for 30,203 shares of FNB United Corp. common stock having a market value of $0.38 per share on the effective date of the Merger.
- [F2]Disposed of pursuant to the Merger in exchange for 6,194 shares of FNB United Corp. common stock having a market value of $0.38 per share on the effective date of the Merger.