X0306 4 2015-01-01 1 0001044082 Georgia-Carolina Bancshares, Inc GECR 0001441007 Flournoy Thomas J 3527 WHEELER ROAD AUGUSTA GA 30909 1 SVP and CFO Common Stock, $.001 Par Value 2015-01-01 4 D 0 9512 D 0 D Common Stock, $.001 Par Value 2015-01-01 4 D 0 2265 D 0 I By IRA Option (Right to Buy) 7 2015-01-01 4 D 0 1000 17.08 D 2015-01-25 Common Stock 1000 0 D Option (Right to Buy) 8.12 2015-01-01 4 D 0 5000 15.96 D 2015-01-25 Common Stock 5000 0 D Includes 8,500 shares of restricted stock which was fully vested by acceleration at the closing of the merger. Disposed of pursuant to a merger agreement between the issuer and State Bank Financial Corporation (STBZ) in exchange for a total cash consideration of $104,226 and a total stock consideration of 9,350 shares of STBZ's common stock; which represents an exchange ratio of 0.794 STBZ shares and $8.85 in cash per share of the issuer's common stock. On the effective date of the merger, the shares of STBZ received by the reporting person had a market value of $19.98 per share. This option, which was fully vested by acceleration at the closing of the merger, was cancelled in the merger in exchange for a cash payment of $17,080, representing the product obtained by multiplying (i) the number of shares of the issuer's common stock underlying the options by (ii) the Per Share Purchase Price (defined by formula in the merger agreement of $24.08), less the exercise price per share of such options. This option, which was fully vested by acceleration at the closing of the merger, was cancelled in the merger in exchange for a cash payment of $79,800, calculated in accordance with the merger agreement as described above. /s/ Renee M. Douglas, Pursuant to a Power of Attorney 2015-01-02