4//SEC Filing
ASB Bancorp Inc 4
Accession 0001503249-15-000034
CIK 0001520300operating
Filed
Dec 9, 7:00 PM ET
Accepted
Dec 10, 1:31 PM ET
Size
10.4 KB
Accession
0001503249-15-000034
Insider Transaction Report
Form 4
ASB Bancorp IncASBB
TYNDALL KIRBY A
EVP and CFO
Transactions
- Exercise/Conversion
STOCK OPTION (RIGHT TO BUY)
2015-12-08$15.71/sh−5,000$78,560→ 46,000 totalExercise: $15.71From: 2014-02-05Exp: 2023-02-05→ COMMON STOCK (5,000 underlying) - Exercise/Conversion
COMMON STOCK
2015-12-08$15.71/sh+5,000$78,560→ 21,405 total - Tax Payment
COMMON STOCK
2015-12-08$26.00/sh−3,021$78,546→ 18,384 total
Holdings
- 2,650.656(indirect: BY ESOP)
COMMON STOCK
- 15,600(indirect: RESTRICTED STOCK I)
COMMON STOCK
Footnotes (3)
- [F1]This transaction reflects the exercise of an Incentive Stock Option for a total of 5,000 shares by means of a stock swap. A stock swap is a method of exercising a stock option in which the option holder attests to the ownership of enough shares of stock already owned by the option holder to cover the exercise price of the option being exercised. As a result of this stock swap, the Reporting Person acquired ownership of an additional 1,979 shares of common stock.
- [F2]Shares of restricted stock vest in five equal annual installments beginning on February 5, 2014, the first anniversary of the date of the award.
- [F3]Stock options vest in five equal annual installments beginning on February 5, 2014, the first anniversary of the date of the grant.
Documents
Issuer
ASB Bancorp Inc
CIK 0001520300
Entity typeoperating
IncorporatedNC
Related Parties
1- filerCIK 0001520300
Filing Metadata
- Form type
- 4
- Filed
- Dec 9, 7:00 PM ET
- Accepted
- Dec 10, 1:31 PM ET
- Size
- 10.4 KB