GEHMAN WILLIAM A III 4

4 · CAROLINA FINANCIAL CORP · Filed Nov 22, 2019

Form 4

Period: 2019-11-20

EVP and CFO

Transactions

Exercise/Conversion
Common Stock
2019-11-20$16.56/sh+7,168$118,702→ 60,751 total
Tax Payment
Common Stock
2019-11-20$42.04/sh−19,349$813,432→ 47,050 total
Exercise/Conversion
Employee Stock Option (Right to Buy)
2019-11-20−11,242→ 0 total
Exercise: $11.58Exp: 2025-01-21→ Common Stock (11,242 underlying)
Exercise/Conversion
Employee Stock Option (Right to Buy)
2019-11-20−3,000→ 1,000 total
Exercise: $16.83Exp: 2026-03-16→ Common Stock (4,000 underlying)
Exercise/Conversion
Common Stock
2019-11-20$16.83/sh+3,000$50,490→ 63,751 total
Exercise/Conversion
Employee Stock Option (Right to Buy)
2019-11-20−7,168→ 0 total
Exercise: $16.56Exp: 2026-01-20→ Common Stock (7,168 underlying)
Exercise/Conversion
Employee Stock Option (Right to Buy)
2019-11-20−2,648→ 1,324 total
Exercise: $30.90Exp: 2027-02-15→ Common Stock (3,972 underlying)
Exercise/Conversion
Common Stock
2019-11-20$4.17/sh+13,152$54,844→ 42,341 total
Exercise/Conversion
Common Stock
2019-11-20$11.58/sh+11,242$130,182→ 53,583 total
Exercise/Conversion
Common Stock
2019-11-20$30.90/sh+2,648$81,823→ 66,399 total
Exercise/Conversion
Employee Stock Option (Right to Buy)
2019-11-20−13,152→ 0 total
Exercise: $4.17Exp: 2023-04-25→ Common Stock (13,152 underlying)

Footnotes (5)

[F1]The stock option vested in two equal annual installments beginning on April 25, 2014. The stock option was previously reported as covering 2,740 shares at an exercise price of $20.00 per share but was adjusted to reflect two 2-for-1 stock splits and a 6-for-5 stock dividend to stockholders of record on February 10, 2014, October 31, 2014, and July 15, 2015, respectively.
[F2]The stock option vested in three equal annual installments beginning on January 21, 2016. The stock option was previously reported as covering 9,368 shares at an exercise price of $13.90 per share but was adjusted to reflect the 6-for-5 stock dividend to stockholders of record on July 15, 2015.
[F3]The stock option vested in three equal annual installments beginning on January 20, 2017.
[F4]The stock option vested in four equal annual installments beginning on March 16, 2017.
[F5]The stock option vested in three equal annual installments beginning on February 15, 2018.

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