Wrench Kenneth J 4
4 · ASB Bancorp Inc · Filed Oct 3, 2017
Insider Transaction Report
Form 4
ASB Bancorp IncASBB
Wrench Kenneth J
Director
Transactions
- Disposition to Issuer
Common Stock
2017-10-01−704.398→ 0 total(indirect: By Deferred Compensation Plan) - Disposition to Issuer
Common Stock
2017-10-01−300→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger and Reorganization, dated May 1, 2017, between First Bancorp ("FBNC") and the issuer, pursuant to which the issuer was merged with and into FBNC effective October 1, 2017 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of issuer common stock was exchanged for the right to receive 1.44 shares of FBNC common stock or $41.90 in cash, subject to the total consideration in the Merger being 90% stock / 10% cash. As a result of the Merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of issuer common stock.
- [F2]Since the reporting person's last report, 42.0731 shares have been added.