4//SEC Filing
May Leonard 4
Accession 0001562180-21-005042
CIK 0001716697other
Filed
Jul 21, 8:00 PM ET
Accepted
Jul 22, 7:25 PM ET
Size
11.4 KB
Accession
0001562180-21-005042
Insider Transaction Report
Form 4
May Leonard
EVP & Chief Credit Officer
Transactions
- Disposition to Issuer
Common Stock
2021-07-21−7,423.565→ 0 total - Tax Payment
Common Stock
2021-07-21$29.06/sh−1,782$51,785→ 7,423.565 total - Disposition to Issuer
Common Stock
2021-07-21−7,669.418→ 0 total(indirect: By IRA) - Disposition to Issuer
Stock Options (Right to buy)
2021-07-21−21,632→ 0 total→ Common Stock (21,632 underlying)
Footnotes (3)
- [F1]Shares withheld solely for the purpose of satisfying tax liability due upon vesting of restricted stock award.
- [F2]Shares disposed of pursuant to the Agreement and Plan of Merger, dated as of April 26, 2021 (the "Merger Agreement"), by and among First Choice Bancorp. ("Issuer"), and Enterprise Financial Services Corp ("Enterprise"), on July 21, 2021, Issuer was merged with and into Enterprise, with Enterprise continuing as the surviving corporation (the "Merger"). At the time of the Merger, each share of Issuer common stock was converted into the right to receive Merger consideration consisting of 0.6603 shares of Enterprise common stock. Disposed shares includes unvested restricted stock previously granted under the First Choice Bancorp 2013 Omnibus Stock Incentive Plan which became fully vested at the time of the Merger and eligible to receive Merger Consideration.
- [F3]Represents shares subject to stock options that are being cancelled pursuant to the terms of that certain Merger Agreement, dated April 26, 2021, by and between the Issuer, First Choice Bank, Enterprise Financial Services Corp and Enterprise Bank & Trust. The stock options will be cancelled and will no longer be exercisable effective as of the closing date of the Merger, July 21, 2021.
Documents
Issuer
First Choice Bancorp
CIK 0001716697
Entity typeother
Related Parties
1- filerCIK 0001736744
Filing Metadata
- Form type
- 4
- Filed
- Jul 21, 8:00 PM ET
- Accepted
- Jul 22, 7:25 PM ET
- Size
- 11.4 KB