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