Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-15-062674
Date:2015-07-24
Issuer: BANK OF THE CAROLINAS CORP (BCAR)
Original Submission Date:

Reporting Person:

TALBERT STEPHEN R
135 BOXWOOD VILLAGE DRIVE
MOCKSVILLE, NC 27027

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2015-07-24 S 1,326 d $0.13 0 indirect
COMMON STOCK 2015-07-24 0 $0.00 1,036,970 direct
COMMON STOCK 2015-07-24 0 $0.00 1,323 indirect
COMMON STOCK 2015-07-24 0 $0.00 637 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 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.
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