0001354488-16-008658.txt : 20161213 0001354488-16-008658.hdr.sgml : 20161213 20161213172224 ACCESSION NUMBER: 0001354488-16-008658 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161209 FILED AS OF DATE: 20161213 DATE AS OF CHANGE: 20161213 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Paragon Commercial CORP CENTRAL INDEX KEY: 0001414374 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 562278662 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3535 Glenwood Avenue CITY: Raleigh STATE: NC ZIP: 27612 BUSINESS PHONE: (919) 788-7770 MAIL ADDRESS: STREET 1: 3535 Glenwood Avenue CITY: Raleigh STATE: NC ZIP: 27612 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CROUSE STEVEN E CENTRAL INDEX KEY: 0001269285 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37802 FILM NUMBER: 162049725 MAIL ADDRESS: STREET 1: PO BOX 18949 CITY: RALEIGH STATE: NC ZIP: 27619-8949 4 1 issuerdirect_section16.xml PRIMARY DOCUMENT X0306 4 2016-12-09 0 0001414374 Paragon Commercial CORP PBNC 0001269285 CROUSE STEVEN E C/O PARAGON COMMERCIAL CORPORATION 3535 GLENWOOD AVENUE RALEIGH NC 27612 1 E.V.P. and C.F.O. Common Stock 2016-12-09 4 S 0 700 41.21 D 13675 D Employee Stock Option (right to buy) 48.00 2017-02-01 Common Stock 2875 2875 D Employee Stock Option (right to buy) 43.20 2018-06-18 Common Stock 2875 2875 D Restricted Stock 0.00 Common Stock 863 863 D Restricted Stock 0.00 Common Stock 1092 1092 D The option vested and became exercisable in five equal annual installments beginning on February 1, 2008, as follows: 20% of the shares subject to the option vested on each of February 1, 2008, 2009, 2010, 2011, and 2012. The option vested and became exercisable in five equal annual installments beginning on June 18, 2009, as follows: 20% of the shares subject to the option vested on each of June 18, 2009, 2010, 2011, 2012, and 2013. The restricted stock vests and becomes freely transferrable on April 1, 2018. The restricted stock vests and becomes freely transferrable on April 1, 2019. /s/ Jonathan A. Greene, by Power of Attorney 2016-12-13