4//SEC Filing
WILLIAMS SHELLY S 4
Accession 0001247524-18-000003
CIK 0001609951other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 11:30 AM ET
Size
5.7 KB
Accession
0001247524-18-000003
Insider Transaction Report
Form 4
WILLIAMS SHELLY S
SVP and CAO
Transactions
- Tax Payment
Common Stock
2017-12-31$40.25/sh−170$6,843→ 3,373 total
Footnotes (2)
- [F1]Represents shares of common stock withheld to satisfy tax obligations in connection with the vesting and settlement of 451 performance share units of the issuer that were subject solely to time-based vesting ("Units"). These Units were granted to the reporting person on January 1, 2014 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. The Units, which were reported on the reporting person's previous ownership reports, vested on December 31, 2017 and were converted into shares of the issuer's common stock on a one-for-one basis.
- [F2]Includes 2,150 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: 1,014 Units will vest on December 31, 2018, 598 Units will vest on December 31, 2019, and 538 Units will vest on December 31, 2020. The Units are settled for an equal number of shares of the issuer's common stock on each applicable vesting date.
Documents
Issuer
National Commerce Corp
CIK 0001609951
Entity typeother
Related Parties
1- filerCIK 0001198156
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 11:30 AM ET
- Size
- 5.7 KB