Bank of the Carolinas CORP 4
4 · Bank of the Carolinas CORP · Filed Aug 5, 2015
Insider Transaction Report
Form 4
McClamrock Grady L Jr
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
2015-08-05−1,051,633→ 0 total - Disposition to Issuer
Common Stock
2015-08-05−3,286→ 0 total(indirect: By Spouse)
Footnotes (3)
- [F1]Disposed of pursuant to a merger agreement between Bank of the Carolinas Corporation and Bank of the Ozarks, Inc. ("Ozarks") in exchange for 3,297 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]Disposed of pursuant to a merger agreement between Bank of the Carolinas Corporation and Bank of the Ozarks, Inc. ("Ozarks") in exchange for 10 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.
- [F3]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.