National Commerce Corp 4
4 · National Commerce Corp · Filed Jan 18, 2017
Insider Transaction Report
Form 4
Ireland William R Jr
NBC - EVP and CRMO
Transactions
- Award
Common Stock
2017-01-17+740→ 72,261 total
Footnotes (2)
- [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 17, 2017 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, 2020 and are to be settled for an equal number of shares of Common Stock on the vesting date.
- [F2]Includes 4,162 Units that are subject to time-based vesting and vest on the fourth anniversary of the applicable effective date of grant. The Units are scheduled to vest according to the following schedule: 1,289 Units will vest on December 31, 2017, 1,175 Units will vest on December 31, 2018, 958 Units will vest on December 31, 2019, and 740 Units will vest on December 31, 2020. The Units are settled for an equal number of shares of Common Stock on each applicable vesting date.