FIRST BANCSHARES INC /MS/ 4/A
4/A · FIRST BANCSHARES INC /MS/ · Filed Jan 9, 2017
Insider Transaction Report
Form 4/AAmended
MCMURRY FRED A
Director
Transactions
- Conversion
COMMON STOCK
2016-12-30+5,634→ 89,519 total(indirect: See Footnote) - Conversion
SERIES E PREFERRED STOCK
2016-12-30−5,634→ 0 total(indirect: See Footnote)→ COMMON STOCK (5,634 underlying)
Footnotes (2)
- [F1]The company's Mandatorily Convertible, Nonvoting, Noncumulative Preferred Stock, Series E, was mandatorily converted on a 1-for-1 basis into shares of The First Bancshares, Inc.'s Common Stock on 12-30-16, following shareholder approval of the issuance of the underlying Common Stock on 12-29-16. All shares of the Mandatorily Convertible, Nonvoting, Noncumulative, Preferred Stock, Series E, are being surrendered to the company and have resumed the status of authorized and unissued preferred stock.
- [F2]The shares held of record by Oak Grove Land, Inc. The reporting person is a 1/3rd owner of the company. The reporting person disclaims beneficial ownership of the shares held by Oak Grove Land Company, Inc. except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of the shares held by Oak Grove Land Company, Inc. for any other purpose. These shares are included in the total ownership, held indirectly.