Filing Details
- Accession Number:
- 0001178409-16-000009
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-07-05 13:23:35
- Reporting Period:
- 2016-07-01
- Filing Date:
- 2016-07-05
- Accepted Time:
- 2016-07-05 13:23:35
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1178409 | Tidelands Bancshares Inc | TDBK | National Commercial Banks (6021) | 000000000 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1278623 | D Alan Clemmons | 1411 Highway 15 Myrtle Beach SC 29577 | Yes | No | 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 | 2013-08-08 | 225 | $0.31 | 61,895 | No | 4 | S | Direct | |
Common Stock | Disposition | 2014-08-19 | 135 | $0.38 | 61,760 | No | 4 | S | Direct | |
Common Stock | Disposition | 2015-08-26 | 210 | $0.22 | 61,550 | No | 4 | S | Direct | |
Common Stock | Disposition | 2016-07-01 | 61,550 | $0.52 | 0 | No | 4 | D | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | S | Direct | |
No | 4 | S | Direct | |
No | 4 | D | Direct |
Footnotes
- Reflects shares sold by the reporting person's broker to pay annual maintenance fees associated with the reporting person's brokerage account. The sales were made without the reporting person's knowledge.
- Disposed of pursuant to that certain Agreement and Plan of Merger dated as of April 4, 2016, as amended, between Tidelands Bancshares, Inc. ("Tidelands") and United Community Banks, Inc. ("United"), pursuant to which Tidelands was merged with and into United. At the effective time of the merger, each share of Tidelands common stock was cancelled and converted into the right to receive $0.52 in cash.