Home > Insider Trading > Filing (0001104659-10-041719)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1124676	First Century Bancorp.	N/A/	National Commercial Banks (6021)	582554464

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1398204	Jr William Bagwell	807 Dorsey Street Gainesville GA 30501		Yes	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, No Par Value	Acquisiton	2010-06-18	49,573	$0.00	123,373	No	4	P	Indirect	By Homestead Investments, LLC
Series B Preferred Stock	Disposition	2010-06-18	3,000	$0.00	0	No	4	J	Indirect	By Homestead Investments, LLC
Common Stock, No Par Value	Acquisiton	2010-06-25	373,134	$0.67	496,507	No	4	P	Indirect	By Homestead Investments, LLC
Common Stock, No Par Value	Acquisiton	2010-06-25	37,313	$0.67	40,507	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Homestead Investments, LLC
No	4	J	Indirect	By Homestead Investments, LLC
No	4	P	Indirect	By Homestead Investments, LLC
No	4	P	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrant	Acquisiton	2010-06-25	37,313	$0.67	37,313	$0.67
Common Stock	Warrant	Acquisiton	2010-06-25	373,134	$0.67	373,134	$0.67
Common Stock	Warrant	Acquisiton	2010-06-18	6,716	$0.67	6,716	$0.67

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
37,313	2010-06-25	2020-06-25	No	4	P	Direct
373,134	2010-06-25	2020-06-25	No	4	P	Indirect
6,716	2007-12-31		No	4	J	Indirect

Footnotes

The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.
Homestead Investments, LLC exchanged 3,000 shares of Series B Preferred Stock on June 18, 2010 for 49,573 shares of common stock, which included the payment of accrued dividends.
This warrant was previously reported as covering 3,000 shares of common stock at an exercise price of $1.50, but was automatically adjusted pursuant to the terms of the warrant agreement based on the issuance of common stock at a price per share less than the exercise price. This warrant does not have an expiration date.