COLTRANE JOSEPH JR 4
4 · BNC BANCORP · Filed Jun 12, 2012
Insider Transaction Report
Form 4
BNC BANCORPBNCN
COLTRANE JOSEPH JR
Director
Transactions
- Purchase
Series C Preferred Stock
2012-06-08$1000.00/sh+70$70,000→ 70 totalExercise: $7.00→ common stock (9,999 underlying)
Footnotes (1)
- [F1]Following receipt of shareholder approval required pursuant to NASDAQ Marketplace Rule 5635, the Series C Preferred Stock will automatically convert into shares of Common Stock, at a conversion price of $7.00035 subject to adjustment in accordance with the terms of BNC Bancorp's Articles of Incorporation, as amended