BNC BANCORP 4
4 · BNC BANCORP · Filed Jun 16, 2017
Insider Transaction Report
Form 4
BNC BANCORPBNCN
Lyerly Elaine M
Director
Transactions
- Exercise/Conversion
Common Stock
2017-06-15+6,000→ 47,709 total - Award
Common Stock
2017-06-15+5,742→ 53,451 total - Exercise/Conversion
Restricted Stock Units
2017-06-15−6,000→ 0 total→ Common stock (6,000 underlying)
Holdings
- 2,340(indirect: as custodian for son)
Common Stock
Footnotes (3)
- [F1]The Restricted stock units convert into common stock on a one-for-one basis.
- [F2]On June 15, 2017, Ms. Lyerly received 5,742 shares of common stock, representing previously earned annual director retainers and meeting fees, under the BNC Bancorp Directors' Deferred Compensation Plan.
- [F3]The restricted stock units were originally scheduled to vest in three equal annual installments beginning January 21, 2018. Pursuant to the Agreement and Plan of Merger, dated January 22, 2017, by and among Pinnacle Financial Partners, Inc, the Issuer and Blue Merger Sub, Inc, each restricted stock unit held by the reporting person became fully vested as of the transaction date listed.