0001354488-17-000288.txt : 20170221 0001354488-17-000288.hdr.sgml : 20170221 20170221162330 ACCESSION NUMBER: 0001354488-17-000288 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170216 FILED AS OF DATE: 20170221 DATE AS OF CHANGE: 20170221 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: Fielding James M. CENTRAL INDEX KEY: 0001669650 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37802 FILM NUMBER: 17625346 MAIL ADDRESS: STREET 1: 3535 GLENWOOD AVENUE CITY: RALEIGH STATE: NC ZIP: 27612 4 1 issuerdirect_section16.xml PRIMARY DOCUMENT X0306 4 2017-02-16 0 0001414374 Paragon Commercial CORP PBNC 0001669650 Fielding James M. C/O PARAGON COMMERCIAL CORPORATION 3535 GLENWOOD AVENUE RALEIGH NC 27612 1 Sr. V.P. and C.C.O. Common Stock 2017-02-16 4 S 0 694 48.56 D 10418 D Common Stock 2017-02-17 4 S 0 306 48.75 D 10112 D Employee Stock Option (right to buy) 48.80 2017-05-07 Common Stock 1125 1125 D Restricted Stock 0.00 Common Stock 475 475 D Restricted Stock 0.00 Common Stock 590 590 D This transaction was executed in multiple trades at prices ranging from $48.49 to $48.75. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. The option vested and became exercisable in five equal annual installments beginning on May 7, 2008, as follows: 20% of the shares subject to the option vested on each of May 7, 2008, 2009, 2010, 2011, and 2012. The restricted stock vests and becomes freely transferable on April 1, 2018. The restricted stock vests and becomes freely transferable on April 1, 2019. /s/ Jonathan A. Greene, by Power of Attorney 2017-02-21