4//SEC Filing
PACIFIC FINANCIAL CORP 4
Accession 0001274471-14-000001
CIK 0001093728operating
Filed
Mar 24, 8:00 PM ET
Accepted
Mar 25, 3:53 PM ET
Size
8.0 KB
Accession
0001274471-14-000001
Insider Transaction Report
Form 4
PACIFIC FINANCIAL CORPpflc.ob
Transactions
- Award
Restricted Stock Units
2013-02-11+2,734→ 2,734 totalFrom: 2016-02-11→ Common Stock (2,734 underlying) - Award
Options (right to buy)
2013-02-11+25,000→ 25,000 totalExercise: $5.00From: 2014-02-11Exp: 2023-02-11→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.
- [F2]The restricted stock units vest on third anniversary of grant date if not previously forfeited. Vested shares will be delivered to the reporting person on the first business day following third anniversary of grant date. Restricted stock units are forfeited if, prior to third anniversary of grant date, the reporting person ceases to be an employee of the issuer for any reason other than an acceleration event, or is placed on probation by the issuer.
- [F3]The options vest in five equal annual installments beginning on February 11, 2014.
Documents
Issuer
PACIFIC FINANCIAL CORP
CIK 0001093728
Entity typeoperating
IncorporatedWA
Related Parties
1- filerCIK 0001093728
Filing Metadata
- Form type
- 4
- Filed
- Mar 24, 8:00 PM ET
- Accepted
- Mar 25, 3:53 PM ET
- Size
- 8.0 KB