Paragon Commercial CORP 4
4 · Paragon Commercial CORP · Filed Jan 26, 2017
Insider Transaction Report
Form 4
Brewer Curtis C. III
Director
Transactions
- Sale
Common Stock
2017-01-24$44.13/sh−5,681$250,685→ 46,819 total - Sale
Common Stock
2017-01-25$44.13/sh−3,844$169,647→ 42,975 total
Holdings
- 1,375(indirect: By Spouse)
Common Stock
- 1,000
Restricted Stock
Exercise: $0.00→ Common Stock (1,000 underlying) - 1,875
Stock Option (right to buy)
Exercise: $48.00Exp: 2017-05-14→ Common Stock (1,875 underlying)
Footnotes (4)
- [F1]This transaction was executed in multiple trades at prices ranging from $44 to $44.375. 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 transactions were effected.
- [F2]This transaction was executed in multiple trades at prices ranging from $44 to $44.25. 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 transactions were effected.
- [F3]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.
- [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.