4//SEC Filing
Georgia-Carolina Bancshares, Inc 4
Accession 0001437749-15-000072
CIK 0001044082operating
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 4:13 PM ET
Size
11.4 KB
Accession
0001437749-15-000072
Insider Transaction Report
Form 4
Flournoy Thomas J
SVP and CFO
Transactions
- Disposition to Issuer
Common Stock, $.001 Par Value
2015-01-01−9,512→ 0 total - Disposition to Issuer
Common Stock, $.001 Par Value
2015-01-01−2,265→ 0 total(indirect: By IRA) - Disposition to Issuer
Option (Right to Buy)
2015-01-01$15.96/sh−5,000$79,800→ 0 totalExercise: $8.12Exp: 2015-01-25→ Common Stock (5,000 underlying) - Disposition to Issuer
Option (Right to Buy)
2015-01-01$17.08/sh−1,000$17,080→ 0 totalExercise: $7.00Exp: 2015-01-25→ Common Stock (1,000 underlying)
Footnotes (4)
- [F1]Includes 8,500 shares of restricted stock which was fully vested by acceleration at the closing of the merger.
- [F2]Disposed of pursuant to a merger agreement between the issuer and State Bank Financial Corporation (STBZ) in exchange for a total cash consideration of $104,226 and a total stock consideration of 9,350 shares of STBZ's common stock; which represents an exchange ratio of 0.794 STBZ shares and $8.85 in cash per share of the issuer's common stock. On the effective date of the merger, the shares of STBZ received by the reporting person had a market value of $19.98 per share.
- [F3]This option, which was fully vested by acceleration at the closing of the merger, was cancelled in the merger in exchange for a cash payment of $17,080, representing the product obtained by multiplying (i) the number of shares of the issuer's common stock underlying the options by (ii) the Per Share Purchase Price (defined by formula in the merger agreement of $24.08), less the exercise price per share of such options.
- [F4]This option, which was fully vested by acceleration at the closing of the merger, was cancelled in the merger in exchange for a cash payment of $79,800, calculated in accordance with the merger agreement as described above.
Documents
Issuer
Georgia-Carolina Bancshares, Inc
CIK 0001044082
Entity typeoperating
IncorporatedGA
Related Parties
1- filerCIK 0001044082
Filing Metadata
- Form type
- 4
- Filed
- Jan 1, 7:00 PM ET
- Accepted
- Jan 2, 4:13 PM ET
- Size
- 11.4 KB