4//SEC Filing
Lyerly Elaine M 4
Accession 0001181431-12-062083
CIK 0001210227other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 11:14 AM ET
Size
7.7 KB
Accession
0001181431-12-062083
Insider Transaction Report
Form 4
BNC BANCORPBNCN
Lyerly Elaine M
Director
Transactions
- Award
Common Stock
2012-11-30+2,341→ 2,341 total(indirect: as custodian for son) - Award
common Stock
2012-11-30+37,710→ 37,710 total
Footnotes (3)
- [F1]Represents shares of common stock of BNC Bancorp (the "Issuer") received in exchange for 38,480 shares of common stock of First Trust Bank ("First Trust") pursuant to the merger of First Trust with and into the Issuer (the "Merger"), based on the assumption that Ms. Lyerly elects to receive Issuer common stock with respect to all of her First Trust common stock owned immediately prior to the effective time of the Merger and that Ms. Lyerly is issued Issuer common stock in accordance with her election. The exchange ratio in the Merger was 0.98 shares of Issuer common stock for each share of First Trust common stock, with fractional shares paid in cash, subject to proration and allocation limitations.
- [F2]Represents shares of Issuer common stock received in exchange for 2,389 shares of First Trust common stock pursuant to the Merger, based on the assumption that an election was made to receive Issuer common stock with respect to all of the First Trust common stock owned immediately prior to the effective time of the Merger.
- [F3]The proration and allocation calculations provided for in the Agreement and Plan of Merger, dated as of June 4, 2012, between First Trust and the Issuer (the "Merger Agreement") have not been complted as of the date of this report. Accordingly, it is not possible to determine the exact number of shares of Issuer common stock to be received by Ms. Lyerly. Once the exact number of shares is determined, Ms. Lyerly will file an amendment to this report to include the number of shares of Issuer common stock received as merger consideration.
Issuer
BNC BANCORP
CIK 0001210227
Entity typeother
Related Parties
1- filerCIK 0001562919
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 11:14 AM ET
- Size
- 7.7 KB