4//SEC Filing
PALMETTO BANCSHARES INC 4
Accession 0001140361-14-005008
CIK 0000706874operating
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 1:02 PM ET
Size
19.0 KB
Accession
0001140361-14-005008
Insider Transaction Report
Form 4
CapGen Capital Group V LP
Director10% Owner
Transactions
- Award
Common Stock, par value $0.01 per share
2014-01-01+154→ 1,228 total - Award
Common Stock, par value $0.01 per share
2014-01-01+618→ 5,726,045 total - Award
Common Stock, par value $0.01 per share
2014-01-01+618→ 5,726,045 total(indirect: Held by CapGen Capital Group V LP) - Award
Common Stock, par value $0.01 per share
2014-01-01+154→ 1,228 total
CapGen Capital Group V LLC
Director10% Owner
Transactions
- Award
Common Stock, par value $0.01 per share
2014-01-01+154→ 1,228 total - Award
Common Stock, par value $0.01 per share
2014-01-01+154→ 1,228 total - Award
Common Stock, par value $0.01 per share
2014-01-01+618→ 5,726,045 total - Award
Common Stock, par value $0.01 per share
2014-01-01+618→ 5,726,045 total(indirect: Held by CapGen Capital Group V LP)
GOLDSTEIN ROBERT
Director10% Owner
Transactions
- Award
Common Stock, par value $0.01 per share
2014-01-01+154→ 1,228 total - Award
Common Stock, par value $0.01 per share
2014-01-01+154→ 1,228 total - Award
Common Stock, par value $0.01 per share
2014-01-01+618→ 5,726,045 total - Award
Common Stock, par value $0.01 per share
2014-01-01+618→ 5,726,045 total(indirect: Held by CapGen Capital Group V LP)
Sullivan John R
Director10% Owner
Transactions
- Award
Common Stock, par value $0.01 per share
2014-01-01+154→ 1,228 total - Award
Common Stock, par value $0.01 per share
2014-01-01+154→ 1,228 total - Award
Common Stock, par value $0.01 per share
2014-01-01+618→ 5,726,045 total - Award
Common Stock, par value $0.01 per share
2014-01-01+618→ 5,726,045 total(indirect: Held by CapGen Capital Group V LP)
Ludwig Eugene
Director10% Owner
Transactions
- Award
Common Stock, par value $0.01 per share
2014-01-01+154→ 1,228 total - Award
Common Stock, par value $0.01 per share
2014-01-01+154→ 1,228 total - Award
Common Stock, par value $0.01 per share
2014-01-01+618→ 5,726,045 total - Award
Common Stock, par value $0.01 per share
2014-01-01+618→ 5,726,045 total(indirect: Held by CapGen Capital Group V LP)
Footnotes (8)
- [F1]Robert Goldstein directly owns such shares of the common stock, par value $0.01 (the "Common Stock") of Palmetto Bancshares, Inc. (the "Issuer"), which represent 20% of a retainer paid in Common Stock by the Issuer to Mr. Goldstein for his service as a member of the board of directors of the Issuer. Pursuant to an arrangement with CapGen Capital Group V LP ("CapGen LP"), any grants of Common Stock to Mr. Goldstein for his service as director are split 80/20 with CapGen LP.
- [F2]John Sullivan directly owns such shares of Common Stock, which represent 20% of a retainer paid in Common Stock by the Issuer to Mr. Sullivan for his service as a member of the board of directors of the Issuer. Pursuant to an arrangement with CapGen LP, any grants of Common Stock to Mr. Sullivan for his service as director are split 80/20 with CapGen LP.
- [F3]CapGen LP directly owns such shares of Common Stock, which represent 80% of a retainer paid in Common Stock by the Issuer to each of Messrs. Goldstein and Sullivan for their service as members of the board of directors of the Issuer as referenced in Notes 1 and 2 above.
- [F4]These shares represent the 80% retainer referenced in Note 3.
- [F5]As the sole general partner of CapGen LP, CapGen Capital Group V LLC ("CapGen LLC") may be deemed to be the indirect beneficial owner of such shares under Rule 16a-1(a)(2) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, CapGen LLC disclaims that it is the beneficial owner of such shares, except to the extent of its pecuniary interest.
- [F6]As the managing member of CapGen LLC, Mr. Ludwig may be deemed to be the indirect beneficial owner of such shares under Rule 16a-1(a)(2) promulgated under the Exchange Act. Pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, Mr. Ludwig disclaims that he is the beneficial owner of such shares, except to the extent of his pecuniary interest.
- [F7]As a principal member and member of the investment committee of CapGen LLC, the general partner of CapGen LP, Mr. Goldstein may be deemed to be the indirect beneficial owner of such shares under Rule 16a-1(a)(2) promulgated under the Exchange Act. Pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, Mr. Goldstein disclaims that he is the beneficial owner of such shares, except to the extent of his pecuniary interest.
- [F8]As a member of the investment committee of CapGen LLC, the general partner of CapGen LP, Mr. Sullivan may be deemed to be the indirect beneficial owner of such shares under Rule 16a-1(a)(2) promulgated under the Exchange Act. Pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, Mr. Sullivan disclaims that he is the beneficial owner of such shares, except to the extent of his pecuniary interest.
Documents
Issuer
PALMETTO BANCSHARES INC
CIK 0000706874
Entity typeoperating
IncorporatedSC
Related Parties
1- filerCIK 0000706874
Filing Metadata
- Form type
- 4
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 1:02 PM ET
- Size
- 19.0 KB