4//SEC Filing
Bright David A. 4
Accession 0001552781-20-000027
CIK 0001522327other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 10:00 AM ET
Size
12.3 KB
Accession
0001552781-20-000027
Insider Transaction Report
Form 4
Transactions
- Disposition to Issuer
Common Stock
2019-12-31$30.18/sh−85$2,565→ 0 total(indirect: Self as Custodian for Son) - Disposition to Issuer
Stock Options
2019-12-31$11.63/sh−28,700$333,781→ 0 totalExercise: $18.55From: 2016-11-30→ Common Stock (28,700 underlying) - Disposition to Issuer
Common Stock
2019-12-31$30.18/sh−28,728$867,011→ 0 total - Disposition to Issuer
Restricted Stock Units
2019-12-31$30.18/sh−2,460$74,243→ 0 total→ Common Stock (2,460 underlying)
Footnotes (8)
- [F1]The common stock was disposed of in connection with the consummation of the merger between the Issuer and a direct, wholly-owned subsidiary of First-Citizens Bank & Trust Company (the "Merger"). The disposition was approved in advance by the Issuer's board of directors pursuant to Rule 16b-3(e), and, therefore, is exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act").
- [F2]Each restricted stock unit represented the contingent right to receive one share of common stock upon vesting of the unit.
- [F3]Restricted stock units were to vest in five equal annual installments beginning on 11/30/2016, the first anniversary of the date of grant.
- [F4]No expiration date.
- [F5]Stock options were to vest in five equal annual installments beginning on 11/30/2016, the first anniversary of the date of the grant.
- [F6]Ten years from exercise date.
- [F7]The restricted stock units were cancelled by an agreement between the Reporting Person and the Issuer in connection with the Merger. The disposition was approved in advance by the Issuer's board of directors pursuant to Rule 16b-3(e), and, therefore, is exempt from Section 16(b) of the Exchange Act.
- [F8]The options were cancelled by an agreement between the Reporting Person and the Issuer in connection with the Merger. The disposition was approved in advance by the Issuer's board of directors pursuant to Rule 16b-3(e), and, therefore, is exempt from Section 16(b) of the Exchange Act.
Documents
Issuer
Entegra Financial Corp.
CIK 0001522327
Entity typeother
Related Parties
1- filerCIK 0001613173
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 10:00 AM ET
- Size
- 12.3 KB