TIDELANDS BANCSHARES INC 4
4 · TIDELANDS BANCSHARES INC · Filed Jul 5, 2016
Insider Transaction Report
Form 4Exit
Dalton John D
PFO & PAO
Transactions
- Disposition to Issuer
Common Stock
[F1]2016-07-01$0.52/sh−4,875$2,535→ 0 total - Disposition to Issuer
Common Stock
[F2][F1]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.
Signature
/s/ John D. Dalton|2016-07-05