PEOPLES BANCORP OF NORTH CAROLINA INC 4/A
4/A · PEOPLES BANCORP OF NORTH CAROLINA INC · Filed Feb 15, 2017
Insider Transaction Report
Form 4/AAmended
SELLERS LANCE A
EVP and Chief Credit Officer
Transactions
- Award
Restricted Stock Units
2014-02-20+3,900→ 3,900 totalFrom: 2017-02-20→ Common Stock (3,900 underlying) - Purchase
Common Stock
2017-02-02$25.36/sh+250$6,341→ 12,041 total - Award
Restricted Stock Units
2013-05-23+4,875→ 4,875 totalFrom: 2017-05-23→ Common Stock (4,875 underlying) - Award
Restricted Stock Units
2012-03-22+8,674→ 8,674 totalFrom: 2017-03-22→ Common Stock (8,674 underlying) - Award
Restricted Stock Units
2015-02-19+2,220→ 2,220 totalFrom: 2019-02-19→ Common Stock (2,220 underlying)
Footnotes (7)
- [F1]The Restricted Stock Units ("RSUs") reported herein were previously reported in Table I on Form 4 or Form filed with the SEC on the applicable grant date or at year end. The purpose of this Amendment is to remove the RSUs from Table I and report them instead in Table II. The revised number of Non-Derivative Securities owned is disclosed in Table I.
- [F2]Each RSU represents the contingent right to receive either one share of Common Stock or a cash payment equal to the fair market value of one share of Common Stock, in each case upon vesting of the RSU and in accordance with the terms of the RSU Award Agreement.
- [F3]RSUs granted on 3/22/2012 vest 100% on 3/22/2017. Upon vesting, the reporting person will receive 50% of the RSUs in the form of cash and 50% in the form of shares of Common Stock.
- [F4]RSUs granted on 5/23/2013 vest 100% on 5/23/2017. Upon vesting, the reporting person will receive 50% of the RSUs in the form of cash and 50% in the form of shares of Common Stock.
- [F5]RSUs granted on 2/20/2014 vest 100% on 2/20/2017. Upon vesting, the reporting person will receive 50% of the RSUs in the form of cash and 50% in the form of shares of Common Stock.
- [F6]RSUs granted on 2/19/2015 vest 100% on 2/19/2019. Upon vesting, the reporting person will receive 50% of the RSUs in the form of cash and 50% in the form of shares of Common Stock.
- [F7]No Expiration Date