Bailey Vikki D 4
4 · ASB Bancorp Inc · Filed Sep 14, 2017
Insider Transaction Report
Form 4
ASB Bancorp IncASBB
Bailey Vikki D
EVP and Chief Retail Officer
Transactions
- Exercise/Conversion
Common Stock
2017-09-13$15.71/sh+13,750$216,040→ 21,125 total - Tax Payment
Common Stock
2017-09-13$44.65/sh−4,839$216,061→ 16,286 total
Holdings
- 15,250
Stock Option (right to buy)
Exercise: $15.71From: 2014-02-05Exp: 2023-02-05→ Common Stock (15,250 underlying) - 3,376(indirect: By ESOP)
Common Stock
- 164.285(indirect: By 401(k))
Common Stock
- 3,000(indirect: Restricted Stock I)
Common Stock
Footnotes (3)
- [F1]This transaction reflects the exercise of an Incentive Stock Option for a total of 13,750 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 8,911 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.