Paragon Commercial CORP 4
4 · Paragon Commercial CORP · Filed Jun 20, 2016
Insider Transaction Report
Form 4
Hatley Robert C.
DirectorPresident and CEO
Transactions
- Purchase
Common Stock
2016-06-16$34.00/sh+5,882$199,988→ 103,190 total
Holdings
- 1,500
Restricted Stock
Exercise: $0.00→ Common Stock (1,500 underlying) - 4,500(indirect: By Spouse)
Common Stock
- 5,000
Employee Stock Option (right to buy)
Exercise: $48.00Exp: 2017-02-01→ Common Stock (5,000 underlying) - 2,000
Restricted Stock
Exercise: $0.00→ Common Stock (2,000 underlying) - 2,563
Restricted Stock
Exercise: $0.00→ Common Stock (2,563 underlying)
Footnotes (5)
- [F1]The option vested and became exercisable in five equal annual installments beginning on February 1, 2008, as follows: 20% of the shares subject to the option vested on each of February 1, 2008, 2009, 2010, 2011, and 2012.
- [F2]The option vested and became exercisable in five equal annual installments beginning on June 18, 2009, as follows: 20% of the shares subject to the option vested on each of June 18, 2009, 2010, 2011, 2012, and 2013.
- [F3]The restricted stock vests and becomes freely transferrable on April 1, 2018.
- [F4]The restricted stock vests and becomes freely transferrable in three equal annual installments beginning on September 1, 2016, as follows: 500 shares vest on each of September 1, 2016, 2017, and 2018.
- [F5]The restricted stock vests and becomes freely transferrable on April 1, 2019.