DAVIS GEORGE T JR 4
4 · Crescent Financial Bancshares, Inc. · Filed Apr 3, 2013
Insider Transaction Report
Form 4
DAVIS GEORGE T JR
Director
Transactions
- Award
Common Stock
2013-04-01+71,078→ 71,078 total - Award
Common Stock
2013-04-01+31,037→ 31,037 total(indirect: By Spouse)
Footnotes (3)
- [F1]Represents shares of common stock of Crescent Financial Bancshares, Inc. (the "Issuer") received in exchange for 20,022 shares of common stock of ECB Bancorp, Inc. ("ECB") pursuant to the merger of ECB with and into the Issuer (the "Merger").
- [F2]The exchange ratio in the Merger was 3.55 shares of Issuer common stock for each share of ECB common stock, with fractional shares paid in cash. On the effective date of the Merger, the most recent closing price of the Issuer's common stock was $3.94 per share and the most recent closing price of ECB's common stock was $14.43 per share.
- [F3]Represents shares of common stock of the Issuer received in exchange for 8,743 shares of common stock of ECB pursuant to the Merger.