Kauffman Scott 4
4 · Capital Bank Financial Corp. · Filed Dec 1, 2017
Insider Transaction Report
Form 4
Kauffman Scott
Director
Transactions
- Disposition to Issuer
Class A Common Stock, par value $0.01 per share
2017-11-30−43→ 0 total
Footnotes (1)
- [F1]On November 30, 2017 (the "Closing Date"), pursuant to that Agreement and Plan of Merger, dated as of May 3, 2017 (the "Merger Agreement"), by and between Capital Bank Financial Corp. ("Capital Bank") and First Horizon National Corp. ("FHN"), each share of Capital Bank's Class A Common Stock issued and outstanding immediately prior to the Closing Date (other than Exception Shares (as defined in the Merger Agreement)) was converted into the right to receive, at the election of the holder but subject to proration, either $40.573 in cash or 2.1732 shares of common stock of FHN (based on the average closing sale price of FHN common stock for the ten full trading days prior to the Closing Date). The Reporting Person received 2.1732 shares of common stock of FHN for each share of Class A Common Stock of Capital Bank held by the Reporting Person on the Closing Date.