FOUR OAKS FINCORP INC 4
4 · FOUR OAKS FINCORP INC · Filed Jan 22, 2015
Insider Transaction Report
Form 4
GRIMES WARREN L
Director
Transactions
- Award
Common Stock
2015-01-20+25,000→ 95,065.483 total
Holdings
- 8,648.822(indirect: By Spouse)
Common Stock
Footnotes (1)
- [F1]Shares vest 50% performance based and 50% time based. Performance-based restricted stock vests, subject to achievement of certain performance criteria, with respect to 7.5% of the award on December 31,2015 and with respect to 42.5% of the award on December 31,2018. Time based restricted stock vests, subject to passage of time, with the grantee remaining on the board as of December 31,2015(7.5% of the award) and as of December 31,2018 (42.5% of the award).