0001140361-17-041010.txt : 20171103 0001140361-17-041010.hdr.sgml : 20171103 20171103171716 ACCESSION NUMBER: 0001140361-17-041010 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20171101 FILED AS OF DATE: 20171103 DATE AS OF CHANGE: 20171103 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Rabon Robert Gary CENTRAL INDEX KEY: 0001547255 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22787 FILM NUMBER: 171177478 MAIL ADDRESS: STREET 1: 1805 MEADOW COURT CITY: RALEIGH STATE: NC ZIP: 27615 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: FOUR OAKS FINCORP INC CENTRAL INDEX KEY: 0001040799 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 562028446 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 6114 US 301 SOUTH CITY: FOUR OAKS STATE: NC ZIP: 27524 BUSINESS PHONE: 9199632177 MAIL ADDRESS: STREET 1: 6114 US 301 SOUTH STREET 2: P O BOX 309 CITY: FOUR OAKS STATE: NC ZIP: 27524 4 1 doc1.xml FORM 4 X0306 4 2017-11-01 1 0001040799 FOUR OAKS FINCORP INC FOFN 0001547255 Rabon Robert Gary 1805 MEADOW COURT RALEIGH NC 27615 1 0 0 0 Common Stock 2017-11-01 4 D 0 5600 D 0 D On Nov 1, 2017, pursuant to that certain Agreement and Plan of Merger, dated as of June 26, 2017 (the "Merger Agreement"), by and among United Community Banks, Inc. ("United") and Four Oaks Fincorp, Inc. ("Four Oaks"), Four Oaks merged with and into United, with United surviving the merger (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger, each share of common stock, $1.00 par value per share, of Four Oaks issued and outstanding immediately prior to the effective time of the Merger (other than shares held by Four Oaks, United, or any Four Oaks shareholders seeking statutory appraisal rights) was converted into the right to receive 0.6178 shares of United common stock, $1.00 par value per share (subject to the payment of cash in lieu of fractional shares) and $1.90 in cash (collectively, the "Merger Consideration"). As a result of the Merger, the reporting person no longer beneficially owns directly or indirectly any shares of Four Oaks common stock. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding award of shares of Four Oaks common stock subject to vesting, repurchase or other lapse restriction ("Four Oaks Restricted Share Award") granted pursuant to Four Oaks' equity-based compensation plans, whether vested or unvested, that was outstanding as of immediately prior to the effective time of the Merger, became fully vested and was cancelled and converted automatically into the right to receive the Merger Consideration in respect of each share of Four Oaks common stock underlying such Four Oaks Restricted Share Award. /s/ Wanda J. Blow, attorney-in fact 2017-11-03