0001209191-15-064141.txt : 20150805
0001209191-15-064141.hdr.sgml : 20150805
20150805173121
ACCESSION NUMBER: 0001209191-15-064141
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: SAFRIT LYNNE SCOTT
CENTRAL INDEX KEY: 0001061750
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-52195
FILM NUMBER: 151030149
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
0001061750
SAFRIT LYNNE SCOTT
135 BOXWOOD VILLAGE DRIVE
MOCKSVILLE
NC
27027
1
0
0
0
Common Stock
2015-08-05
4
D
0
63884
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 200 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