| FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 10/21/2011 |
3. Issuer Name and Ticker or Trading Symbol
FNB United Corp. [ FNBN ] |
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| 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) 10/31/2011 |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| common stock | 684,053 (1) | D | |
| common stock | 13,406 (2) | I | spouse |
| common stock | 14,094 (3) | I | Child |
| common stock | 11,141 (4) | I | Trust |
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Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities) |
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Explanation of Responses: |
| 1. Includes 59,053 shares acquired pursuant to that certain Agreement and Plan of Merger, dated as of April 26,2011, as amended by Agreement No. 1, dated as of June 16, 2011, and Amendment No. 2, dated as of August 15, 2011, by and among FNB United Corp. ("FNB"), Gamma Merger Corporation and Bank of Granite Corporation (the "Merger") in exchange for 17,497 shares of Bank of Granite Corporation ("Granite"). On October 21, 2011, the effective date of the Merger, the closing price of FNB's common stock was $0.38 per share. These shares amounts and the closing trading price do not reflect the one-for-one hundred reverse stock split effected by FNB at the close of business on October 31, 2011. |
| 2. Shares issued pursuant to the Merger in exchange for 3,972 shares of Granite. On October 21, 2011, the effective date of the Merger, the closing price of FNB's common stock was $0.38 per share. These shares amounts and the closing trading price do not reflect the one-for-one hundred reverse stock spilt effected by FNB at the close of business on October 31, 2011. |
| 3. Shares issued pursuant to the Merger in exchange for 4,176 shares of Granite. On October 21, 2011, the effective date of the Merger, the closing price of FNB's common stock was $0.38 per share. These shares amounts and the closing trading price do not reflect the one-for-one hundred reverse stock split effected by FNB at the close of business on October 31, 2011. |
| 4. Shares issued pursuant to the Merger in exchange for 3,3301 shares of Granite. On October 21, 2011, the effective date of the Merger, the closing price of FNB's common stock was $0.38 per share. These shares amounts and the closing trading price do not reflect the one-for-one hundred reverse stock split effected by FNB on the close of business on October 31, 2011. |
| Brooke E. Barlow, Attorney in Fact | 11/17/2011 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||