National Commerce Corp 4
4 · National Commerce Corp · Filed Jan 5, 2016
Insider Transaction Report
Form 4
Wright Donald F
Director
Transactions
- Exercise/Conversion
Common Stock
2016-01-04+958.49→ 958.49 total - Disposition to Issuer
Common Stock
2016-01-04$24.13/sh−0.49$12→ 958 total - Exercise/Conversion
Phantom Stock Units
2016-01-04−958.49→ 0 totalFrom: 2016-01-04Exp: 2016-01-04→ Common Stock (958.49 underlying)
Holdings
- 30,746(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Each of the phantom stock units was acquired through participation in the National Commerce Corporation Deferral of Compensation Plan for Key Employees and Non-Employee Directors (the "Deferral Plan") and was the economic equivalent of one share of the Issuer's common stock. The reporting person settled each of his phantom stock units for shares of the Issuer's common stock in accordance with the Deferral Plan.
- [F2]Represents the fraction of a share of the Issuer's common stock otherwise issuable to the reporting person for which cash was paid in lieu of the issuance of a fractional share, based on the closing price of the Issuer's common stock on Nasdaq on the transaction date.