4//SEC Filing
Clark Laura W. 4
Accession 0001552781-20-000030
CIK 0001522327other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 10:01 AM ET
Size
38.6 KB
Accession
0001552781-20-000030
Insider Transaction Report
Form 4
Clark Laura W.
EVP & Chief Risk Officer
Transactions
- Disposition to Issuer
Stock Options
2019-12-31$11.63/sh−22,750$264,583→ 0 totalExercise: $18.55From: 2016-11-30→ Common Stock (22,750 underlying) - Disposition to Issuer
Common Stock
2019-12-31$30.18/sh−22,177$669,302→ 0 total - Disposition to Issuer
Restricted Stock Units
2019-12-31$30.18/sh−1,950$58,851→ 0 total→ Common Stock (1,950 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 represents the contingent right to receive one share of common stock upon vesting of the unit.
- [F3]Restricted stock units 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 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. 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. 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.
Issuer
Entegra Financial Corp.
CIK 0001522327
Entity typeother
Related Parties
1- filerCIK 0001613172
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 10:01 AM ET
- Size
- 38.6 KB