4//SEC Filing
BRITLAIN CLAY D III 4
Accession 0001256186-17-000004
CIK 0001091491other
Filed
Aug 2, 8:00 PM ET
Accepted
Aug 3, 4:29 PM ET
Size
6.9 KB
Accession
0001256186-17-000004
Insider Transaction Report
Form 4
BRITLAIN CLAY D III
Director
Transactions
- Disposition to Issuer
Common Stock
2017-07-31−572→ 0 total(indirect: Custodian for son) - Disposition to Issuer
Common Stock
2017-07-31−1,513,754→ 0 total
Footnotes (1)
- [F1]On July 31, 2017, pursuant to that certain Agreement and Plan of Merger, dated as of April 18, 2017 (the "Merger Agreement"), by and among United Community Banks, Inc. ("United") and HCSB Financial Corporation ("HCSB"), HCSB merged with and into United, with United surviving the merger (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger, each share of common stock, $0.01 par value, of HCSB issued and outstanding immediately prior to the effective time of the Merger (other than shares held by HCSB, United, or any of their respective wholly owned subsidiaries) was converted into the right to receive 0.0050 shares of United common stock, $1.00 par value per share (subject to the payment of cash in lieu of fractional shares)(the "Merger Consideration"). As a result of the Merger, the reporting person no longer beneficially owns directly or indirectly any shares of HCSB common stock.
Documents
Issuer
HCSB FINANCIAL CORP
CIK 0001091491
Entity typeother
Related Parties
1- filerCIK 0001256186
Filing Metadata
- Form type
- 4
- Filed
- Aug 2, 8:00 PM ET
- Accepted
- Aug 3, 4:29 PM ET
- Size
- 6.9 KB