4//SEC Filing
Ayers Walter C 4
Accession 0001437749-17-020131
CIK 0001507277other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 4:11 PM ET
Size
7.4 KB
Accession
0001437749-17-020131
Insider Transaction Report
Form 4
Ayers Walter C
Director
Transactions
- Disposition to Issuer
Common Stock
2017-11-30−39,264→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2017-11-30−32,340→ 0 totalExercise: $6.50From: 2010-08-12Exp: 2020-08-12→ Common Stock (32,340 underlying)
Footnotes (3)
- [F1]Includes shares inadvertently omitted from the reporting person's prior reports due to administrative error.
- [F2]Disposed of pursuant to the Agreement and Plan of Merger, dated as of April 26, 2017 (the "Merger Agreement"), between the Issuer and South State Corporation ("South State"), whereby each share of the Issuer's common stock, other than certain shares owned by the Issuer and South State, was converted into the right to receive 0.14 shares of South State's common stock.
- [F3]Disposed of pursuant to the Merger Agreement, whereby each option to purchase the Issuer's common stock, whether vested or unvested, was converted into the right to receive an amount in cash equal to the product of (a) the number of shares of Issuer common stock subject to such stock option immediately prior to the effective time of the merger and (b) the excess, if any, of (i) the product of (A) the average closing price per share for South State's common stock for the ten full trading days ending on the day immediately preceding the closing date and (B) 0.14, over (ii) the exercise price of such option.
Documents
Issuer
Park Sterling Corp
CIK 0001507277
Entity typeother
Related Parties
1- filerCIK 0001384673
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 4:11 PM ET
- Size
- 7.4 KB