0001437749-16-023084.txt : 20160105 0001437749-16-023084.hdr.sgml : 20160105 20160105142158 ACCESSION NUMBER: 0001437749-16-023084 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160101 FILED AS OF DATE: 20160105 DATE AS OF CHANGE: 20160105 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Park Sterling Corp CENTRAL INDEX KEY: 0001507277 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 274107242 STATE OF INCORPORATION: NC FISCAL YEAR END: 1210 BUSINESS ADDRESS: STREET 1: 1043 E. MOREHEAD STREET STREET 2: SUITE 201 CITY: CHARLOTTE STATE: NC ZIP: 28204 BUSINESS PHONE: 704-716-2134 MAIL ADDRESS: STREET 1: 1043 E. MOREHEAD STREET STREET 2: SUITE 201 CITY: CHARLOTTE STATE: NC ZIP: 28204 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GRAYSON GRANT S CENTRAL INDEX KEY: 0001389106 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35032 FILM NUMBER: 161321545 MAIL ADDRESS: STREET 1: 8719 HIGGINBOTHAM PLACE CITY: RICHMOND STATE: VA ZIP: 23229 4 1 rdgdoc.xml FORM 4 X0306 4 2016-01-01 0001507277 Park Sterling Corp PSTB 0001389106 GRAYSON GRANT S 1043 EAST MOREHEAD STREET SUITE 201 CHARLOTTE NC 28204 1 Common Stock 2016-01-01 4 A 0 27525 A 27525 D Common Stock 2016-01-01 4 A 0 67843 A 67843 I IRA Represents shares of common stock of Park Sterling Corporation (the "Issuer") received in exchange for 49,951 shares of common stock of First Capital Bancorp, Inc. ("FCB") pursuant to the merger of FCB with and into the Issuer (the "Merger"), based on the assumption that an election was made to receive Issuer common stock with respect to 70% of the FCB common stock owned by the reporting person immediately prior to the effective time of the Merger. The exchange ratio in the Merger was 0.7748 shares of Issuer common stock for each share of FCB common stock, with fractional shares paid in cash. On December 31, 2015, the last trading day before the effective date of the merger, the closing price of the Issuer's common stock was $7.32, and the closing price of FCB's common stock was $5.56 per share. Represents shares of common stock of the Issuer received in exchange for 2,500 warrants to purchase shares of FCB common stock (the "Warrants") pursuant to the Merger, based on the assumption that an election was made to receive Issuer common stock with respect to 70% of the Warrants owned by the reporting person immediately prior to the effective time of the Merger. The exchange ratio for the Warrants was 0.24755 shares of Issuer common stock for each FCB Warrant, with fractional shares paid in cash. Represents shares of common stock of the Issuer received in exchange for 109,113 shares of common stock of FCB pursuant to the Merger, based on the assumption that an election was made to receive Issuer common stock with respect to 70% of the FCB common stock owned by the reporting person immediately prior to the effective time of the Merger. Represents shares of common stock of the Issuer received in exchange for 50,000 Warrants of FCB pursuant to the Merger, based on the owned by the reporting person immediately prior to the effective time of the Merger. The proration and allocation calculations provided for in the Agreement and Plan of Merger dated September 30, 2015 between FCB and the Issuer (the "Merger Agreement") have not been completed as of the date of this report. Accordingly, it is not possible to determine the exact number of shares of Issuer common stock to be received. Once the exact number of shares is determined, Mr. Grayson will file an ammendment to this report including the number of shares of Issuer common stock received as merger consideration, if different than the number reported above. /s/ Grant S. Grayson, by Susan D. Sabo Power of Attorney 2016-01-04