4//SEC Filing
National Commerce Corp 4
Accession 0001247524-16-000341
CIK 0001609951operating
Filed
Jan 27, 7:00 PM ET
Accepted
Jan 28, 9:47 AM ET
Size
7.4 KB
Accession
0001247524-16-000341
Insider Transaction Report
Form 4
WILLIAMS SHELLY S
SVP and CAO
Transactions
- Award
Common Stock
2016-01-26+598→ 3,273 total - Tax Payment
Common Stock
2016-01-26$21.42/sh−130$2,785→ 3,143 total
Footnotes (4)
- [F1]Grant of shares of Common Stock underlying performance share units of the issuer that are subject solely to time-based vesting ("Units"). These Units were granted to the reporting person on January 26, 2016 pursuant to the National Commerce Corporation 2011 Equity Incentive Plan, and such grant was exempt under Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended. These Units vest on December 31, 2019 and are to be settled for an equal number of shares of Common Stock on the vesting date.
- [F2]Includes 2,175 Units that were granted previously and inadvertently omitted from the reporting person's previous ownership reports.
- [F3]Units withheld to satisfy tax obligations in connection with the vesting of 343 Units on December 31, 2015 that were granted previously and inadvertently omitted from the reporting person's previous ownership reports, which vesting was certified by the compensation committee on January 26, 2016.
- [F4]Includes 2,430 Units that are subject to time-based vesting and vest on the fourth anniversary of the applicable effective date of grant: 367 Units will vest on December 31, 2016, 451 Units will vest on December 31, 2017, 1,014 Units will vest on December 31, 2018 and 598 Units will vest on December 31, 2019.
Documents
Issuer
National Commerce Corp
CIK 0001609951
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001609951
Filing Metadata
- Form type
- 4
- Filed
- Jan 27, 7:00 PM ET
- Accepted
- Jan 28, 9:47 AM ET
- Size
- 7.4 KB