Paragon Commercial CORP 4
4 · Paragon Commercial CORP · Filed Sep 1, 2016
Insider Transaction Report
Form 4
Russell Frank Alton
Director
Transactions
- Exercise/Conversion
Common Stock
2016-09-01+500→ 26,125 total - Exercise/Conversion
Restricted Stock
2016-09-01−500→ 1,000 totalExercise: $0.00→ Common Stock (500 underlying)
Holdings
- 11,725(indirect: By Spouse)
Common Stock
- 2,500
Stock Option (right to buy)
Exercise: $48.80Exp: 2016-12-31→ Common Stock (2,500 underlying) - 1,875
Stock Option (right to buy)
Exercise: $48.00Exp: 2017-05-14→ Common Stock (1,875 underlying)
Footnotes (3)
- [F1]The restricted stock vests and becomes freely transferable in three equal annual installments beginning on September 1, 2016, as follows: 500 shares vest on each of September 1, 2016, 2017, and 2018.
- [F2]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.
- [F3]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.