0000706874-15-000002.txt : 20150108 0000706874-15-000002.hdr.sgml : 20150108 20150108120204 ACCESSION NUMBER: 0000706874-15-000002 CONFORMED SUBMISSION TYPE: 5 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20141231 FILED AS OF DATE: 20150108 DATE AS OF CHANGE: 20150108 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PALMETTO BANCSHARES INC CENTRAL INDEX KEY: 0000706874 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 742235055 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 306 EAST NORTH STREET CITY: GREENVILLE STATE: SC ZIP: 29601 BUSINESS PHONE: 864-250-6050 MAIL ADDRESS: STREET 1: 306 EAST NORTH STREET CITY: GREENVILLE STATE: SC ZIP: 29601 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LYNCH JAMES J CENTRAL INDEX KEY: 0001222379 FILING VALUES: FORM TYPE: 5 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35282 FILM NUMBER: 15515515 MAIL ADDRESS: STREET 1: PATRIOT FINANCIAL PARTNERS, LP STREET 2: 2929 ARCH STREET, 27TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19104 5 1 primary_doc.xml PRIMARY DOCUMENT X0306 5 2014-12-31 0 0 1 0000706874 PALMETTO BANCSHARES INC PLMT 0001222379 LYNCH JAMES J PATRIOT FINANCIAL PARTNERS, LP 2929 ARCH STREET, 27TH FLOOR PHILADELPHIA PA 19104 1 0 1 0 Common Stock, $0.01 par value 2013-12-10 4 J 0 L 4270 0 D 100 D Common Stock, $0.01 par value 2013-12-30 4 J 0 L 50 0 D 50 D Common Stock, $0.01 par value 2014-01-01 4 A 0 L 772 0 A 822 D Common Stock, $0.01 par value 2014-03-21 4 J 0 L 772 0 D 50 D Common Stock, $0.01 par value 2014-12-24 4 J 0 L 50 0 D 0 D Common Stock, $0.01 par value 2453360 I See Footnote Patriot Financial Partners, GP, L.P. ("Patriot GP") is the sole general partner of each of Patriot Financial Partners, L.P. and Patriot Financial Partners Parallel, L.P. (together, the "Funds"). Accordingly, securities owned by the Funds may be regarded as being beneficially owned by Patriot GP. Patriot Financial Partners GP, LLC ("Patriot LLC") is the general partner of Patriot GP. Accordingly, securities owned or deemed to be owned by Patriot GP may be regarded as being beneficially owned by Patriot LLC. Mr. Lynch is a general partner of Patriot GP and a member of Patriot LLC. Mr. Lynch transferred the ownership of 4,270 personally owned shares (the vested portion of restricted common stock granted to Mr. Lynch by the Issuer) to the Funds on 12.10.2013. 50 shares represent restricted stock grants for which vesting conditions had not yet been met as of 12.10.2013. Patriot Financial Partners, GP, L.P. ("Patriot GP") is the sole general partner of each of Patriot Financial Partners, L.P. and Patriot Financial Partners Parallel, L.P. (together, the "Funds"). Accordingly, securities owned by the Funds may be regarded as being beneficially owned by Patriot GP. Patriot Financial Partners GP, LLC ("Patriot LLC") is the general partner of Patriot GP. Accordingly, securities owned or deemed to be owned by Patriot GP may be regarded as being beneficially owned by Patriot LLC. Mr. Lynch is a general partner of Patriot GP and a member of Patriot LLC. Mr. Lynch transferred the ownership of 50 personally owned shares (the vested portion of restricted common stock granted to Mr. Lynch by the Issuer) to the Funds on 12.30.2013. This transaction was previously reported on 1.2.2014 but the resulting "Amount of Securities Beneficially Owned Following Reported Transaction(s)" was incorrect as a result of the previously corrected (12.10.2013 and 12.30.2013) transactions reported within this Form 5. 50 shares represent restricted stock grants for which vesting conditions had not yet been met as of 1.1.2014. 50 shares represent restricted stock grants for which vesting conditions had not yet been met as of 12.30.2013. Patriot Financial Partners, GP, L.P. ("Patriot GP") is the sole general partner of each of Patriot Financial Partners, L.P. and Patriot Financial Partners Parallel, L.P. (together, the "Funds"). Accordingly, securities owned by the Funds may be regarded as being beneficially owned by Patriot GP. Patriot Financial Partners GP, LLC ("Patriot LLC") is the general partner of Patriot GP. Accordingly, securities owned or deemed to be owned by Patriot GP may be regarded as being beneficially owned by Patriot LLC. Mr. Lynch is a general partner of Patriot GP and a member of Patriot LLC. Mr. Lynch transferred the ownership of 772 personally owned shares (the vested portion of restricted common stock granted to Mr. Lynch by the Issuer) to the Funds on 3.21.2014. 50 shares represent restricted stock grants for which vesting conditions had not yet been met as of 3.21.2014. Patriot Financial Partners, GP, L.P. ("Patriot GP") is the sole general partner of each of Patriot Financial Partners, L.P. and Patriot Financial Partners Parallel, L.P. (together, the "Funds"). Accordingly, securities owned by the Funds may be regarded as being beneficially owned by Patriot GP. Patriot Financial Partners GP, LLC ("Patriot LLC") is the general partner of Patriot GP. Accordingly, securities owned or deemed to be owned by Patriot GP may be regarded as being beneficially owned by Patriot LLC. Mr. Lynch is a general partner of Patriot GP and a member of Patriot LLC. Mr. Lynch transferred the ownership of 50 personally owned shares (the vested portion of restricted common stock granted to Mr. Lynch by the Issuer) to the Funds on 12.24.2014. Mr. Lynch, the Funds and the related entities disclaim beneficially ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that they are a beneficial owner of such securities for the purposes of Section 16. Patriot Financial Partners, GP, L.P. ("Patriot GP") is the sole general partner of each of Patriot Financial Partners, L.P. and Patriot Financial Partners Parallel, L.P. (together, the "Funds"). Accordingly, securities owned by the Funds may be regarded as being beneficially owned by Patriot GP. Patriot Financial Partners GP, LLC ("Patriot LLC") is the general partner of Patriot GP. Accordingly, securities owned or deemed to be owned by Patriot GP may be regarded as being beneficially owned by Patriot LLC. Mr. Lynch is a general partner of Patriot GP and a member of Patriot LLC. Lauren S Greer, with POA, Director of Accounting and Finance, The Palmetto Bank, a wholly-owned subsidiary of Palmetto Bancshares, Inc. 2015-01-08