Hatley Robert C. 4

4 · Paragon Commercial CORP · Filed Sep 19, 2017

Form 4

Period: 2017-09-15

DirectorPresident and CEO

Transactions

Exercise/Conversion
Restricted Stock
2017-09-15−500→ 500 total
Exercise: $0.00→ Common Stock (500 underlying)
Exercise/Conversion
Common Stock
2017-09-15+500→ 104,217 total

Holdings

Restricted Stock
Exercise: $0.00→ Common Stock (2,000 underlying)
2,000
Restricted Stock
Exercise: $0.00→ Common Stock (2,563 underlying)
2,563
Common Stock
(indirect: By Spouse)
4,500
Employee Stock Option (right to buy)
Exercise: $43.20Exp: 2018-06-18→ Common Stock (5,000 underlying)
5,000

Footnotes (4)

[F1]This Form 4 reflects a correction to the vesting schedule. The restricted stock vests and becomes freely transferable in three equal annual installments beginning on September 15, 2016, as follows: 500 shares vest on each of September 15, 2016, 2017, and 2018. Previous filings erroneously indicated that the restricted stock vested on September 1, 2016, 2017, and 2018.
[F2]The option vested and became exercisable in five equal annual installments beginning on June 18, 2009, as follows: 20% of the shares subject to the option vested on each of June 18, 2009, 2010, 2011, 2012, and 2013.
[F3]The restricted stock vests and becomes freely transferrable on April 1, 2018.
[F4]The restricted stock vests and becomes freely transferrable on April 1, 2019.

Documents

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