0000899243-20-022798.txt : 20200818
0000899243-20-022798.hdr.sgml : 20200818
20200818194714
ACCESSION NUMBER: 0000899243-20-022798
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200815
FILED AS OF DATE: 20200818
DATE AS OF CHANGE: 20200818
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Black Christopher James
CENTRAL INDEX KEY: 0001762317
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36895
FILM NUMBER: 201115006
MAIL ADDRESS:
STREET 1: 722 COLUMBIA AVENUE
CITY: FRANKLIN
STATE: TN
ZIP: 37064
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Franklin Financial Network Inc.
CENTRAL INDEX KEY: 0001407067
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 208839445
STATE OF INCORPORATION: TN
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 722 COLUMBIA AVENUE
CITY: Franklin
STATE: TN
ZIP: 37064
BUSINESS PHONE: 615-236-2265
MAIL ADDRESS:
STREET 1: 722 COLUMBIA AVENUE
CITY: Franklin
STATE: TN
ZIP: 37064
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-08-15
1
0001407067
Franklin Financial Network Inc.
FSB
0001762317
Black Christopher James
722 COLUMBIA AVENUE
FRANKLIN
TN
37064
0
1
0
0
Chief Financial Officer
Common Stock
2020-08-15
4
D
0
15137
D
0
D
Common Stock
2020-08-15
4
D
0
5888
D
0
D
Common Stock
2020-08-15
4
D
0
4844
D
0
I
By 401(k)
Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), among the Issuer, FB Financial Corporation ("FB Financial"), and Paisley Acquisition Corporation, in exchange for the right to receive for each share of common stock, restricted stock, or restricted stock unit (1) 0.9650 shares of common stock, par value $1.00 per share, of FB Financial ("FB Financial Common Stock"), having a market value of $29.52 per share as of the close of trading on August 14, 2020, the last trading day prior to the effective time of the merger (the "Effective Time"), and (2) $2.00 in cash (collectively, the "Merger Consideration").
Pursuant to the Merger Agreement, at the Effective Time, the restricted stock units ("RSUs"), which provided for vesting in equal, one-third increments on January 16, 2021, January 16, 2022, and January 16, 2023, were converted into an RSU award in respect of a number of shares of FB Financial Common Stock equal to the product of (a) the total number of shares of Issuer common stock underlying the RSU award multiplied by (ii) 1.0336, all on the same terms and conditions as applied to the corresponding Issuer RSU award.
/s/ Mandy Garland, Attorney-in-Fact
2020-08-18