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Filing Details

Accession Number:
0001104659-10-041716
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-08-04 13:00:00
Reporting Period:
2010-06-18
Filing Date:
2010-08-04
Accepted Time:
2010-08-04 11:06:34
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1124676 First Century Bancorp. N/A/ National Commercial Banks (6021) 582554464
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1292977 R William Blanton C/o First Century Bancorp.
807 Dorsey Street
Gainesville GA 30501
President And Ceo Yes Yes Yes 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, No Par Value Acquisiton 2010-06-18 871,661 $0.00 1,314,467 No 4 P Direct
Series B Preferred Stock Disposition 2010-06-18 52,750 $0.00 0 No 4 J Direct
Common Stock, No Par Value Acquisiton 2010-06-23 375,000 $0.67 1,689,467 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 J Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Warrants Acquisiton 2010-06-18 112,500 $0.67 112,500 $0.67
Common Stock Warrants Acquisiton 2010-06-18 1,791,054 $0.67 1,791,054 $0.67
Common Stock Warrant Acquisiton 2010-06-23 375,000 $0.67 375,000 $0.67
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
112,500 2007-12-31 No 4 J Direct
1,791,054 2007-04-20 No 4 J Direct
375,000 2010-06-23 2020-06-23 No 4 P Direct
Footnotes
  1. The reporting person exchanged 52,750 of Series B Preferred Stock on June 18, 2010 for 871,661 shares of common stock, which included the payment of accrued dividends.
  2. This warrant was previously reported as covering 50,250 shares of common stock at an exercise price of $1.50, but was automatically adjusted pursuant to the terms of the warrant agreement based on the issuance of common stock at a price per share less than the exercise price. This warrant does not have an expiration date.
  3. This warrant was previously reported as covering 800,004 shares of common stock at an exercise price of $1.50, but was automatically adjusted pursuant to the terms of the warrant agreement based on the issuance of common stock at a price per share less than the exercise price. This warrant does not have an expiration date.