4//SEC Filing
TIDELANDS BANCSHARES INC 4
Accession 0001178409-16-000010
CIK 0001178409operating
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 1:39 PM ET
Size
6.6 KB
Accession
0001178409-16-000010
Insider Transaction Report
Form 4
Dalton John D
PFO & PAO
Transactions
- Disposition to Issuer
Common Stock
2016-07-01$0.52/sh−4,875$2,535→ 0 total - Disposition to Issuer
Common Stock
2016-07-01$0.52/sh−3,203$1,666→ 0 total(indirect: By ESOP)
Footnotes (2)
- [F1]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.
- [F2]Includes additional ESOP allocations of 42 shares since the date of the reporting person's last ownership report reflecting allocations for the year ended December 31, 2015.
Documents
Issuer
TIDELANDS BANCSHARES INC
CIK 0001178409
Entity typeoperating
Related Parties
1- filerCIK 0001178409
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 1:39 PM ET
- Size
- 6.6 KB