4//SEC Filing
Ladley Beverly B. 4
Accession 0000870385-20-000017
CIK 0000870385other
Filed
May 3, 8:00 PM ET
Accepted
May 4, 11:44 AM ET
Size
5.1 KB
Accession
0000870385-20-000017
Insider Transaction Report
Form 4
Ladley Beverly B.
Director
Transactions
- Disposition to Issuer
Common Stock
2020-05-01−1,306→ 0 total
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., effective May 1, 2020 (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 receive 1.13 shares of United Bancsharez, Inc. common stock (subject to the payment of cash in lieu of fractional shares). As a result of the Merger, a 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 0001735110
Filing Metadata
- Form type
- 4
- Filed
- May 3, 8:00 PM ET
- Accepted
- May 4, 11:44 AM ET
- Size
- 5.1 KB