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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1414374	Paragon Commercial Corp	PBNC	State Commercial Banks (6022)	562278662

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1669611	B. Thomas Oxholm	C/O Paragon Commercial Corporation 3535 Glenwood Avenue Raleigh NC 27612		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	Acquisiton	2016-07-22	1,500	$36.29	23,550	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	5,375	Indirect	By wife

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock option (right to buy)	$48.80	2016-12-31	1,875	1,875	Direct
Common Stock	Stock option (right to buy)	$48.00	2017-05-14	1,875	1,875	Direct
Common Stock	Restricted Stock	$0.00		1,500	1,500	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2016-12-31	1,875	1,875	Direct
2017-05-14	1,875	1,875	Direct
	1,500	1,500	Direct

Footnotes

These shares will be held in a Keogh plan for the benefit of the Reporting Person.
This transaction was executed in multiple trades at prices ranging from $36.20 to $36.50. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected.
The option vested and became exercisable in five equal annual installments beginning on December 31, 2007, as follows: 20% of the shares subject to the option vested on each of December 31, 2007, 2008, 2009, 2010, and 2011.
The option vested and became exercisable in five equal annual installments beginning on May 14, 2008, as follows: 20% of the shares subject to the option vested on each of May 14, 2008, 2009, 2010, 2011, and 2012.
The restricted stock vests and becomes freely transferrable in three equal annual installments beginning on September 1, 2016, as follows: 500 shares vest on each of September 1, 2016, 2017, and 2018.