Filing Details
- Accession Number:
- 0000870385-16-000030
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-01-22 15:00:36
- Reporting Period:
- 2016-01-20
- Filing Date:
- 2016-01-22
- Accepted Time:
- 2016-01-22 15:00:36
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 870385 | Carolina Financial Corp | CARO | State Commercial Banks (6022) | 571039673 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1600289 | Iii J. M. Huggins | 288 Meeting St Charleston SC 29401 | Evp & Secretary | 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 | Acquisiton | 2016-01-20 | 770 | $0.00 | 68,364 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2016-01-20 | 305 | $16.56 | 68,059 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | EMPLOYEE STOCK OPTION (RIGHT TO BUY) | Acquisiton | 2016-01-20 | 3,584 | $0.00 | 3,584 | $16.56 |
| Common Stock | RESTRICTED STOCK UNITS | Acquisiton | 2016-01-20 | 1,087 | $0.00 | 1,087 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 3,584 | 2026-01-20 | No | 4 | A | Direct | |
| 1,087 | 2026-01-20 | No | 4 | A | Direct |
Footnotes
- The stock option vests in three equal annual installments beginning on January 20, 2017.
- Each restricted stock unit represents a contingent right to receive one share of common stock. The restricted stock units vest in one installment on December 31, 2017, subject to certain conditions related to CARO's EPS. In order to vest any portion of the restricted stock units, CARO must achieve certain EPS over the two-year period ending December 31, 2017. The participant can earn 50% of the restricted stock units upon CARO achieving a minimum diluted EPS threshold, and 100% of the restricted stock units upon achieving the target CARO diluted EPS threshold. Vested shares, if any, will be delivered to the reporting person by March 31, 2018.
- On July 31, 2015, the Company paid a 20% stock dividend which has been accounted for in the total shares held on this Section 16 form.
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