CAROLINA NATIONAL CORP 4
4 · CAROLINA NATIONAL CORP · Filed Feb 4, 2008
Insider Transaction Report
Form 4
MCENTIRE JR RUFUS C
Director
Transactions
- Disposition to Issuer
Common Stock
2008-01-31−38,792→ 0 total - Disposition to Issuer
Common Stock
2008-01-31−6,208→ 0 total(indirect: By Spouse) - Disposition to Issuer
Stock Options
2008-01-31−88→ 0 totalExercise: $18.25Exp: 2017-04-01→ Common Stock (88 underlying) - Disposition to Issuer
Stock Options
2008-01-31−1,162→ 0 totalExercise: $16.26Exp: 2017-07-01→ Common Stock (1,162 underlying) - Disposition to Issuer
Stock Options
2008-01-31−48→ 0 totalExercise: $17.75Exp: 2017-01-22→ Common Stock (48 underlying) - Disposition to Issuer
Stock Warrants
2008-01-31$11.65/sh−18,000$209,700→ 0 totalExercise: $10.00Exp: 2012-07-15→ Common Stock (18,000 underlying)
Footnotes (3)
- [F1]Option provided for vesting in annual installments and all had vested. Options were assumed in merger and converted to options to purchase 1.4678 shares of shares of First National common stock for each CNCP shares at $6.81 per share.
- [F2]Warrants were cancelled in the merger in exchange for cash payment of $11.65 per share.
- [F3]Disposed of pursuant to merger agreement between issuer and First National Bancshares, Inc. for stock and/or cash subject to election and adjustment exchange agent.