Accession Number: | 0001209191-15-062674 |
Date: | 2015-07-24 |
Issuer: | BANK OF THE CAROLINAS CORP (BCAR) |
Original Submission Date: |
TALBERT STEPHEN R
135 BOXWOOD VILLAGE DRIVE
MOCKSVILLE, NC 27027
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature 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 |
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 Exercisable | Expiration 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 |
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ID | footnote |
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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. |