4/A//SEC Filing
Ireland William R Jr 4/A
Accession 0001247524-19-000009
CIK 0001609951other
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 12:36 PM ET
Size
6.5 KB
Accession
0001247524-19-000009
Insider Transaction Report
Form 4/AAmended
Ireland William R Jr
NBC - EVP and CRMO
Transactions
- Tax Payment
Common Stock
2018-12-31$36.00/sh−395$14,220→ 72,125 total
Footnotes (3)
- [F1]Represents shares of common stock withheld to satisfy tax obligations in connection with the vesting and settlement of 1,175 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, 2015 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, 2018 and were converted into shares of the issuer's common stock on a one-for-one basis.
- [F2]The reporting person's Form 4 filed on January 10, 2019 (the "Original Filing") reported a total of 407 shares of the issuer's common stock withheld to satisfy tax obligations in connection with the vesting and settlement of the performance share units of the issuer described in footnote (1), which included withholding for social security tax. Subsequent to the Original Filing, the issuer determined that the reporting person had already withheld the maximum amount of social security tax required for the applicable period. As a result, the number of shares of the issuer's common stock withheld in connection with the vesting and settlement of the performance share units has been reduced from 407 to 395, as reported herein.
- [F3]Includes 2,443 Units that are subject to time-based vesting according to the following schedule: 958 Units will vest on December 31, 2019, 740 Units will vest on December 31, 2020, and 745 Units will vest on December 31, 2021. 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 0001326275
Filing Metadata
- Form type
- 4/A
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 12:36 PM ET
- Size
- 6.5 KB