TIDELANDS BANCSHARES INC 4
4 · TIDELANDS BANCSHARES INC · Filed Jul 5, 2016
Insider Transaction Report
Form 4
MATHEWES ROBERT H JR
E.V.P. & Senior Commercial Bkr
Transactions
- Disposition to Issuer
Common Stock
2016-07-01$0.52/sh−12,516$6,508→ 0 total(indirect: By ESOP) - Disposition to Issuer
Common Stock
2016-07-01$0.52/sh−13,886$7,221→ 0 total - Disposition to Issuer
Common Stock
2016-07-01$0.52/sh−100$52→ 0 total(indirect: By Spouse)
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 89 shares since the date of the reporting person's last ownership report reflecting allocations for the year ended December 31, 2015.