Cumbee Ralph W 4
4 · FIRST COMMUNITY BANK CORP OF AMERICA · Filed Apr 5, 2011
Insider Transaction Report
Form 4
Cumbee Ralph W
Regional President
Transactions
- Conversion
Common Stock
2011-03-31+30,000→ 45,121 total - Conversion
Convertible Preferred Stock, Series B
2011-03-31−3,000→ 0 totalFrom: 2010-01-15→ Convertible Preferred Stock, Series B (3,000 underlying)
Footnotes (2)
- [F1]FCFL Convertible Preferred Stock, Series B, has no expiration date.
- [F2]On March 31, 2011, each outstanding share of Convertible Preferred Stock, Series B, was mandatorily converted into ten (10)shares of common stock, pursuant to the terms of Section 4 of the Company's Amended and Restated Articles of Incorporation, as a result of the Company's inability to declare and pay dividends on the Series B Stock for the four consecutive quarters ending March 31, 2011.