Home > Insider Trading > Filing (0001209191-15-062669)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1365997	Bank Of The Carolinas Corp	BCAR	National Commercial Banks (6021)	204989192

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1365588	E George Jordan	135 Boxwood Village Drive Mocksville NC 27027	Evp And Coo	No	Yes	No	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	Disposition	2015-07-24	2,842	$0.13	0	No	4	S	Indirect	By 401(k) plan

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By 401(k) plan

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,003,560	Direct

Footnotes

Bank of the Carolinas Corporation (the "Company") entered into an Agreement and Plan of Merger and Reorganization dated as of May 6, 2015 (the "Merger Agreement"), with Bank of the Ozarks, Inc. ("Ozarks"). The Merger Agreement provides that the Company will merge with and into Ozarks, with Ozarks continuing as the surviving corporation. The Company is terminating its 401(k) plan in connection with the merger. In anticipation of the termination of the Company's 401(k) plan, all shares of the Company's common stock held for the benefit of participants in the 401(k) plan are being sold. This form is being filed to report the sale of shares of the Company's common stock held for the benefit of the reporting person in the Company's 401(k) plan.