GRIFFIN STEVE L 4
4 · FIRST SOUTH BANCORP INC /VA/ · Filed Nov 2, 2017
Insider Transaction Report
Form 4
GRIFFIN STEVE L
Director
Transactions
- Disposition to Issuer
Common Stock
2017-11-01−120→ 0 total(indirect: By Spouse) - Disposition to Issuer
Common Stock
2017-11-01−2,381→ 0 total
Footnotes (1)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger and Reorganization, dated as of June 9, 2017 (the "Merger Agreement"), between Carolina Financial Corporation ("CARO") and the Issuer, pursuant to which the Issuer was merged with and into CARO effective November 1, 2017 (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger, each issued and outstanding share of Issuer common stock was converted into the right to receive 0.5064 shares of CARO common stock (subject to the payment of cash in lieu of fractional shares). As a result of the Merger, the Reporting Person no longer beneficially owns, directly or indirectly, any shares of Issuer common stock.