TIDELANDS BANCSHARES INC 4
4 · TIDELANDS BANCSHARES INC · Filed Jul 5, 2016
Insider Transaction Report
Form 4Exit
CLEMMONS ALAN D
Director
Transactions
- Sale
Common Stock
[F1]2013-08-08$0.31/sh−225$69→ 61,895 total - Sale
Common Stock
[F1]2014-08-19$0.38/sh−135$51→ 61,760 total - Sale
Common Stock
[F1]2015-08-26$0.22/sh−210$46→ 61,550 total - Disposition to Issuer
Common Stock
[F2]2016-07-01$0.52/sh−61,550$32,006→ 0 total
Footnotes (2)
- [F1]Reflects shares sold by the reporting person's broker to pay annual maintenance fees associated with the reporting person's brokerage account. The sales were made without the reporting person's knowledge.
- [F2]Disposed of pursuant to that certain Agreement and Plan of Merger dated as of April 4, 2016, as amended, between Tidelands Bancshares, Inc. ("Tidelands") and United Community Banks, Inc. ("United"), pursuant to which Tidelands was merged with and into United. At the effective time of the merger, each share of Tidelands common stock was cancelled and converted into the right to receive $0.52 in cash.
Signature
/s/ Alan D. Clemmons|2016-07-05