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
  1. 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.
  2. 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.