Georgia-Carolina Bancshares, Inc 4
4 · Georgia-Carolina Bancshares, Inc · Filed Jan 2, 2015
Insider Transaction Report
Form 4
GAY ARTHUR J JR
Director
Transactions
- Disposition to Issuer
Common Stock, $.001 Par Value
2015-01-01−26,330→ 0 total - Disposition to Issuer
Common Stock, $.001 Par Value
2015-01-01−90→ 0 total(indirect: By IRA)
Footnotes (1)
- [F1]Disposed of pursuant to a merger agreement between the issuer and State Bank Financial Corporation (STBZ) in exchange for a total cash consideration of $233,817 and a total stock consideration of 20,977 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.