Filing Details

Accession Number:
0001209191-15-062674
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-07-28 16:42:28
Reporting Period:
2015-07-24
Filing Date:
2015-07-28
Accepted Time:
2015-07-28 16:42:28
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1365997 Bank Of The Carolinas Corp BCAR National Commercial Banks (6021) 204989192
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1061748 R Stephen Talbert 135 Boxwood Village Drive
Mocksville NC 27027
President And Ceo Yes Yes 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 2015-07-24 1,326 $0.13 0 No 4 S Indirect By retirement plan
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By retirement plan
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 1,036,970 Direct
Common Stock 1,323 Indirect By spouse
Common Stock 637 Indirect By adult daughter
Footnotes
  1. Bank of the Carolinas Corporation (the "Company") entered into an Agreement and Plan of Merger and Reorganization dated as of May 6, 2015 (the "Merger Agreement"), with Bank of the Ozarks, Inc. ("Ozarks"). The Merger Agreement provides that the Company will merge with and into Ozarks, with Ozarks continuing as the surviving corporation. The Company is terminating its 401(k) plan in connection with the merger. In anticipation of the termination of the Company's 401(k) plan, all shares of the Company's common stock held for the benefit of participants in the 401(k) plan are being sold. This form is being filed to report the sale of shares of the Company's common stock held for the benefit of the reporting person in the Company's 401(k) plan.