NICHOLSON JOHN F JR 4
4 · FIRST SOUTH BANCORP INC /VA/ · Filed Oct 27, 2017
Insider Transaction Report
Form 4
NICHOLSON JOHN F JR
Exec. VP-CCO
Transactions
- Exercise/Conversion
Right to Buy Options -ISO
2017-10-25−6,000→ 0 totalExercise: $5.40Exp: 2021-02-28→ Common Stock (6,000 underlying) - Exercise/Conversion
Common Stock
2017-10-25$10.91/sh+3,000$32,730→ 4,000 total - Exercise/Conversion
Common Stock
2017-10-25$5.40/sh+6,000$32,400→ 10,000 total - Exercise/Conversion
Right to Buy Options -ISO
2017-10-25−3,000→ 0 totalExercise: $10.91Exp: 2020-02-25→ Common Stock (3,000 underlying)
Holdings
- 25,262(indirect: By 401(k))
Common Stock
- 2,000
Common Stock
- 12,000(indirect: By IRA)
Common Stock
Footnotes (4)
- [F1]2,000 shares of Restricted Stock were granted on February 14, 2014. The shares vest and become earned in four equal annual installments of 500 shares each, beginning on February 14, 2015. The final vesting date of the last 500 share installment was accelerated to September 30, 2017, in connection with the pending merger of First South Bancorp, Inc., with and into Carolina Financial Corporation.
- [F2]Between the date of Reporting Person's last Form 4 filing (2/14/14) and the date of the current filing, a total of 4,442 shares of the Issuer's common stock were acquired under the 401(k) plan.
- [F3]The option vested and became exercisable in three equal annual installments beginning on February 25, 2011, as follows: 1,000 of the shares subject to the option vested on each of February 25, 2011, 2012, and 2013.
- [F4]The option vested and became exercisable in three equal annual installments beginning on February 28, 2012, as follows: 2,000 of the shares subject to the option vested on each of February 28, 2012, 2013, and 2014.