TIDELANDS BANCSHARES INC 4
4 · TIDELANDS BANCSHARES INC · Filed Jul 5, 2016
Insider Transaction Report
Form 4
Gandy John Wilson
Director
Transactions
- Disposition to Issuer
Common Stock
2016-07-01$0.52/sh−8,125$4,225→ 0 total
Footnotes (1)
- [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.