KITTRELL J BRYANT III 4
4 · Crescent Financial Bancshares, Inc. · Filed Apr 3, 2013
Insider Transaction Report
Form 4
KITTRELL J BRYANT III
Director
Transactions
- Award
Common Stock
2013-04-01+3,550→ 3,550 total(indirect: By Spouse) - Award
Common Stock
2013-04-01+31,950→ 31,950 total
Footnotes (4)
- [F1]Represents shares of common stock of Crescent Financial Bancshares, Inc. (the "Issuer") received in exchange for 9,000 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 1,000 shares of common stock of ECB pursuant to the Merger.
- [F4]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.