Filing Details

Accession Number:
0000857855-15-000052
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-11-25 16:37:10
Reporting Period:
2015-11-25
Filing Date:
2015-11-25
Accepted Time:
2015-11-25 16:37:10
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
857855 United Community Banks Inc UCBI State Commercial Banks (6022) 581807304
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1188404 B Nicholas Paumgarten C/O United Community Banks, Inc.
Po Box 398
Blairsville GA 30514
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2015-11-25 3,000,000 $20.15 7,300,047 No 4 S Indirect Held through Corsair Georgia, L.P.
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect Held through Corsair Georgia, L.P.
Footnotes
  1. This amount represents the price per share of common stock, $1.00 par value per share, of United Community Banks, Inc. (the "Issuer") received by Corsair Georgia, L.P. ("Corsair Georgia") in an underwritten secondary block trade. Shares sold by Corsair Georgia were non-voting common stock.
  2. Reflects securities held directly by Corsair Georgia. The shares reported include 4,026,724 shares of non-voting common stock.
  3. Corsair IV Management GP, Ltd. ("Corsair GP") is the general partner of Corsair Georgia. Corsair IV Financial Services Capital Partners, L.P. ("Corsair LP") is a limited partner of Corsair Georgia. Corsair IV Management, L.P. ("Corsair IV Management") is the general partner of Corsair LP. Corsair Capital is the general partner of Corsair IV Management. Corsair GP is controlled by Nicholas B. Paumgarten (the "Reporting Person"). Corsair Capital is controlled by the Reporting Person. Each limited partner of Corsair Georgia has the right to withdraw from Corsair Georgia by delivering written notice to Corsair GP requesting that Corsair GP dispose of such limited partners pro rata share of voting Common Stock held by Corsair Georgia.
  4. The Reporting Person may be deemed to be the beneficial owner of the securities reported herein, and disclaims beneficial ownership of any such securities, except to the extent of his pecuniary interest therein.