Paragon Commercial CORP 4
4 · Paragon Commercial CORP · Filed Jul 25, 2016
Insider Transaction Report
Form 4
Oxholm Thomas B.
Director
Transactions
- Purchase
Common Stock
2016-07-22$36.29/sh+1,500$54,431→ 23,550 total
Holdings
- 1,875
Stock option (right to buy)
Exercise: $48.80Exp: 2016-12-31→ Common Stock (1,875 underlying) - 1,500
Restricted Stock
Exercise: $0.00→ Common Stock (1,500 underlying) - 5,375(indirect: By Spouse)
Common Stock
- 1,875
Stock option (right to buy)
Exercise: $48.00Exp: 2017-05-14→ Common Stock (1,875 underlying)
Footnotes (5)
- [F1]These shares will be held in a Keogh plan for the benefit of the Reporting Person.
- [F2]This transaction was executed in multiple trades at prices ranging from $36.20 to $36.50. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.
- [F3]The option vested and became exercisable in five equal annual installments beginning on December 31, 2007, as follows: 20% of the shares subject to the option vested on each of December 31, 2007, 2008, 2009, 2010, and 2011.
- [F4]The option vested and became exercisable in five equal annual installments beginning on May 14, 2008, as follows: 20% of the shares subject to the option vested on each of May 14, 2008, 2009, 2010, 2011, and 2012.
- [F5]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.