0001437749-17-020130.txt : 20171204 0001437749-17-020130.hdr.sgml : 20171204 20171204161125 ACCESSION NUMBER: 0001437749-17-020130 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20171130 FILED AS OF DATE: 20171204 DATE AS OF CHANGE: 20171204 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Cherry James C. CENTRAL INDEX KEY: 0001514107 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35032 FILM NUMBER: 171237175 MAIL ADDRESS: STREET 1: C/O PARK STERLING BANK STREET 2: 1043 EAST MOREHEAD STREET, SUITE 201 CITY: CHARLOTTE STATE: NC ZIP: 28204 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Park Sterling Corp CENTRAL INDEX KEY: 0001507277 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 274107242 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1043 E. MOREHEAD STREET STREET 2: SUITE 201 CITY: CHARLOTTE STATE: NC ZIP: 28204 BUSINESS PHONE: 704-716-2134 MAIL ADDRESS: STREET 1: 1043 E. MOREHEAD STREET STREET 2: SUITE 201 CITY: CHARLOTTE STATE: NC ZIP: 28204 4 1 rdgdoc.xml FORM 4 X0306 4 2017-11-30 1 0001507277 Park Sterling Corp PSTB 0001514107 Cherry James C. 1043 EAST MOREHEAD STREET SUITE 201 CHARLOTTE NC 28204 1 1 CEO Common Stock 2017-11-30 4 D 0 222157 D 0 D Common Stock 2017-11-30 4 D 0 77032 D 0 I IRA FBO Self-Roth Stock Option (Right to Buy) 6.50 2017-11-30 4 D 0 167673 D 2012-08-12 2020-08-12 Common Stock 167673 0 D Includes shares inadvertently omitted from the reporting person's prior reports due to administrative error. Disposed of pursuant to the Agreement and Plan of Merger, dated as of April 26, 2017 (the "Merger Agreement"), between the Issuer and South State Corporation ("South State"), whereby each share of the Issuer's common stock, other than certain shares owned by the Issuer and South State, was converted into the right to receive 0.14 shares of South State's common stock. Disposed of pursuant to the Merger Agreement, whereby each option to purchase the Issuer's common stock, whether vested or unvested, was converted into the right to receive an amount in cash equal to the product of (a) the number of shares of Issuer common stock subject to such stock option immediately prior to the effective time of the merger and (b) the excess, if any, of (i) the product of (A) the average closing price per share for South State's common stock for the ten full trading days ending on the day immediately preceding the closing date and (B) 0.14, over (ii) the exercise price of such option. /s/ James C. Cherry, by Drew Scroger, Power of Attorney 2017-12-04