WILLIFORD D VANN 4
4 · BNC BANCORP · Filed Jun 14, 2012
Insider Transaction Report
Form 4
BNC BANCORPBNCN
WILLIFORD D VANN
Director
Transactions
- Exercise/Conversion
Common Stock - Swapping Options
2012-06-14$5.95/sh+4,537$26,991→ 61,681 total - Exercise/Conversion
option to purchase
2012-06-14$5.95/sh−4,537$26,991→ 0 totalExercise: $5.95From: 2002-06-17Exp: 2012-06-17→ common stock (4,538 underlying) - Other
Common Stock - Swapping Options
2012-06-14$7.42/sh−3,638$26,994→ 57,144 total
Footnotes (1)
- [F1]Disposition of shares is in connection with the exercise of a derivitive security pursuant to the BNC Non-Employee/Director Stock Option Plan which allows for exercise of an option using stock owned by a plan participant as part of or all of the exercise price.