4//SEC Filing
Bank of the Carolinas CORP 4
Accession 0001209191-15-064132
CIK 0001365997operating
Filed
Aug 4, 8:00 PM ET
Accepted
Aug 5, 5:28 PM ET
Size
7.4 KB
Accession
0001209191-15-064132
Insider Transaction Report
Form 4
LAND HENRY H
Director
Transactions
- Disposition to Issuer
Director Stock Options (Right to Buy)
2015-08-05$0.01/sh−1,500$15→ 0 totalExercise: $5.25From: 2008-10-22Exp: 2018-10-22→ Common Stock (1,500 underlying) - Disposition to Issuer
Common Stock
2015-08-05−217,089→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to a merger agreement between Bank of the Carolinas Corporation and Bank of the Ozarks, Inc. ("Ozarks") in exchange for 680 shares of Ozarks common stock having a market value of $45.17 per share on the effective date of the merger, plus cash in lieu of fractional shares.
- [F2]The reporting person's 1,500 director stock options were cancelled by mutual agreement pursuant to the terms of a stock option cancellation agreement dated as of May 6, 2015 between the reporting person and the issuer. The reporting person received a cash payment of $15.00 from the issuer as consideration for the cancellation.
Documents
Issuer
Bank of the Carolinas CORP
CIK 0001365997
Entity typeoperating
IncorporatedNC
Related Parties
1- filerCIK 0001365997
Filing Metadata
- Form type
- 4
- Filed
- Aug 4, 8:00 PM ET
- Accepted
- Aug 5, 5:28 PM ET
- Size
- 7.4 KB