Goodson M Davis Jr 4
4 · National Commerce Corp · Filed Mar 9, 2018
Insider Transaction Report
Form 4
Goodson M Davis Jr
NBC - EVP and Senior Lender
Transactions
- Award
Phantom Stock Units
2018-03-09+2,119.2→ 5,498.6 total→ Common Stock (2,119.2 underlying)
Footnotes (3)
- [F1]Each of the phantom stock units is the economic equivalent of one share of the Issuer's common stock.
- [F2]Reflects phantom stock units acquired through participation in the National Commerce Corporation Deferral of Compensation Plan for Key Employees and Non-Employee Directors (the "Deferral Plan") in connection with the deferral of the amount due to the reporting person upon settlement of a performance share award originally granted to the reporting person as of January 1, 2014 pursuant to the National Commerce Corporation 2011 Equity Incentive Plan.
- [F3]The phantom stock units are to be settled in shares of the Issuer's common stock in accordance with the Deferral Plan at the end of the deferral period.