0001209191-15-064132.txt : 20150805 0001209191-15-064132.hdr.sgml : 20150805 20150805172817 ACCESSION NUMBER: 0001209191-15-064132 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150805 FILED AS OF DATE: 20150805 DATE AS OF CHANGE: 20150805 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Bank of the Carolinas CORP CENTRAL INDEX KEY: 0001365997 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 204989192 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 135 BOXWOOD VILLAGE DRIVE CITY: MOCKSVILLE STATE: NC ZIP: 27028 BUSINESS PHONE: 336-751-5755 MAIL ADDRESS: STREET 1: 135 BOXWOOD VILLAGE DRIVE CITY: MOCKSVILLE STATE: NC ZIP: 27028 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LAND HENRY H CENTRAL INDEX KEY: 0001061747 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-52195 FILM NUMBER: 151030111 MAIL ADDRESS: STREET 1: PO DRAWER 8187 STREET 2: 107 S CENTRAL AVE CITY: LANDIS STATE: NC ZIP: 28088 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2015-08-05 1 0001365997 Bank of the Carolinas CORP BCAR 0001061747 LAND HENRY H 135 BOXWOOD VILLAGE DRIVE MOCKSVILLE NC 27027 1 0 0 0 Common Stock 2015-08-05 4 D 0 217089 D 0 D Director Stock Options (Right to Buy) 5.25 2015-08-05 4 D 0 1500 0.01 D 2008-10-22 2018-10-22 Common Stock 1500 0 D Disposed of pursuant to a merger agreement between Bank of the Carolinas Corporation and Bank of the Ozarks, Inc. ("Ozarks") in exchange for 680 shares of Ozarks common stock having a market value of $45.17 per share on the effective date of the merger, plus cash in lieu of fractional shares. The reporting person's 1,500 director stock options were cancelled by mutual agreement pursuant to the terms of a stock option cancellation agreement dated as of May 6, 2015 between the reporting person and the issuer. The reporting person received a cash payment of $15.00 from the issuer as consideration for the cancellation. /s/ Jonathan A. Greene, by Power of Attorney 2015-08-05