0001552781-20-000041.txt : 20200103 0001552781-20-000041.hdr.sgml : 20200103 20200103100442 ACCESSION NUMBER: 0001552781-20-000041 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191231 FILED AS OF DATE: 20200103 DATE AS OF CHANGE: 20200103 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Umberger Charles D CENTRAL INDEX KEY: 0001296181 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35302 FILM NUMBER: 20503585 MAIL ADDRESS: STREET 1: 1220 SAN REMO AVENUE CITY: CORAL GABLES STATE: FL ZIP: 33146 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Entegra Financial Corp. CENTRAL INDEX KEY: 0001522327 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036] IRS NUMBER: 452460660 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 14 ONE CENTER COURT CITY: FRANKLIN STATE: NC ZIP: 28734 BUSINESS PHONE: (828) 524-7000 MAIL ADDRESS: STREET 1: PO BOX 1499 CITY: FRANKLIN STATE: NC ZIP: 28734 FORMER COMPANY: FORMER CONFORMED NAME: Macon Financial Corp. DATE OF NAME CHANGE: 20110602 4 1 ownership.xml X0306 4 2019-12-31 1 0001522327 Entegra Financial Corp. ENFC 0001296181 Umberger Charles D 14 ONE CENTER COURT FRANKLIN NC 28734 0 1 0 0 Executive Vice President Common Stock 2019-12-31 4 D 0 6500 30.18 D 0 D Restricted Stock Units 2019-12-31 4 D 0 3000 30.18 D Common Stock 3000 0 D Stock Options 17.45 2019-12-31 4 D 0 17500 12.73 D 2017-05-27 Common Stock 17500 0 D The common stock was disposed of in connection with the consummation of the merger between the Issuer and a direct, wholly-owned subsidiary of First-Citizens Bank & Trust Company (the "Merger"). The disposition was approved in advance by the Issuer's board of directors pursuant to Rule 16b-3(e), and, therefore, is exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"). Each restricted stock unit represented the contingent right to receive one share of common stock upon vesting of the unit. Restricted stock units were to vest in five equal annual installments beginning on 5/27/2017, the first anniversary of the date of grant. No expiration date. Stock options were to vest in five equal annual installments beginning on 5/27/2017, the first anniversary of the date of the grant. Ten years from exercise date. The restricted stock units were cancelled by an agreement between the Reporting Person and the Issuer in connection with the Merger. The disposition was approved in advance by the Issuer's board of directors pursuant to Rule 16b-3(e), and, therefore, is exempt from Section 16(b) of the Exchange Act. The options were cancelled by an agreement between the Reporting Person and the Issuer in connection with the Merger. The disposition was approved in advance by the Issuer's board of directors pursuant to Rule 16b-3(e), and, therefore, is exempt from Section 16(b) of the Exchange Act. /s/ Ryan Scaggs, attorney-in-fact for Charles D. Umberger 2020-01-03