4//SEC Filing
CLAWSON ROBERT G. JR. 4
Accession 0000870385-20-000012
CIK 0000870385other
Filed
May 3, 8:00 PM ET
Accepted
May 4, 9:57 AM ET
Size
6.7 KB
Accession
0000870385-20-000012
Insider Transaction Report
Form 4
CLAWSON ROBERT G. JR.
Director
Transactions
- Disposition to Issuer
Common Stock
2020-05-01−152,687→ 0 total - Disposition to Issuer
Common Stock
2020-05-01−13,272→ 0 total(indirect: By Spouse)
Footnotes (1)
- [F1]Disposed of in accordance with the Agreement and Plan of Merger, dated as of November 17, 2019 (the "Merger Agreement") by and between Carolina Financial Corporation and United Bancshares, Inc., pursuant to which Carolina Financial Corporation was merged with and into United Bancshares, Inc., (the "Merger"). On May 1, 2020,the effective date of the Merger, each issued and outstanding share of Carolina Financial Corporation common stock was converted into the right to recieve 1.13 shares of United Bancshares, Inc. common stock (subject to the payment of cash in lieu of fractional shares). As a result of the Merger, the Reporting Person no longer beneficially owns, directly or indirectly, any shares of Carolina Financial Corporation common stock.
Documents
Issuer
CAROLINA FINANCIAL CORP
CIK 0000870385
Entity typeother
Related Parties
1- filerCIK 0001600286
Filing Metadata
- Form type
- 4
- Filed
- May 3, 8:00 PM ET
- Accepted
- May 4, 9:57 AM ET
- Size
- 6.7 KB