0001775199-20-000001.txt : 20200221
0001775199-20-000001.hdr.sgml : 20200221
20200221132509
ACCESSION NUMBER: 0001775199-20-000001
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191231
FILED AS OF DATE: 20200221
DATE AS OF CHANGE: 20200221
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Newsom Cory T
CENTRAL INDEX KEY: 0001775199
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38895
FILM NUMBER: 20638578
MAIL ADDRESS:
STREET 1: 5219 CITY BANK PARKWAY
CITY: LUBBOCK
STATE: TX
ZIP: 79407-3544
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SOUTH PLAINS FINANCIAL, INC.
CENTRAL INDEX KEY: 0001163668
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 000000000
STATE OF INCORPORATION: TX
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5219 CITY BANK PARKWAY
CITY: LUBBOCK
STATE: TX
ZIP: 79407-3544
BUSINESS PHONE: 806-792-7101
MAIL ADDRESS:
STREET 1: 5219 CITY BANK PARKWAY
CITY: LUBBOCK
STATE: TX
ZIP: 79407-3544
FORMER COMPANY:
FORMER CONFORMED NAME: SOUTH PLAINS FINANCIAL INC
DATE OF NAME CHANGE: 20011214
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2019-12-31
0
0001163668
SOUTH PLAINS FINANCIAL, INC.
SPFI
0001775199
Newsom Cory T
5219 CITY BANK PARKWAY
LUBBOCK
TX
79407-3544
1
1
0
0
President
Common Stock
2019-12-31
4
M
0
6000
9.49
A
167904
D
Common Stock
2019-12-31
4
F
0
3513
21
D
164391
D
Common Stock
750
I
By child
Common Stock
76186
I
By ESOP
Stock Options (right to buy)
9.49
2019-12-31
4
M
0
6000
0
D
2019-12-31
Common Stock
6000
0
D
Stock Options (right to buy)
20.93
2020-02-19
4
A
0
39220
0
A
2030-02-19
Common Stock
39220
39220
D
The shares reported include restricted stock units that may be settled only by delivery of an equal number of shares of common stock and which are subject to vesting and forfeiture conditions.
Shares held for the benefit of the Reporting Person's child.
Shares held by the ESOP and allocated to the Reporting Person's account.
These were fully exercisable on date of grant.
25% of the stock options vest on the first anniversary of January 1, 2020; thereafter, the remaining vest pro rata on a monthly basis over the next 36 months. Notwithstanding the foregoing, the stock options will automatically become fully vested upon the earlier of: (i) the Reporting Person's disability, (ii) the Reporting Person's death, and (iii) immediately prior to a change in control of the Issuer.
The exercise of the stock options on 12/31/2019 and the related transactions are being reported late due to administrative error.
/s/ By Mikella D. Newsom as Attorney-in-Fact for Cory T. Newsom
2020-02-21