0001140361-20-000166.txt : 20200103 0001140361-20-000166.hdr.sgml : 20200103 20200103141531 ACCESSION NUMBER: 0001140361-20-000166 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191231 FILED AS OF DATE: 20200103 DATE AS OF CHANGE: 20200103 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Cummings Rose B. CENTRAL INDEX KEY: 0001469963 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-55683 FILM NUMBER: 20504560 MAIL ADDRESS: STREET 1: C/O FAIRPOINT COMMUNICATIONS STREET 2: 521 E. MOREHEAD STREET, SUITE 500 CITY: CHARLOTTE STATE: NC ZIP: 28202 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Carolina Trust BancShares, Inc. CENTRAL INDEX KEY: 0001676667 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 812019652 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 901 EAST MAIN STREET CITY: LINCOLNTON STATE: NC ZIP: 28092 BUSINESS PHONE: 740-735-1104 MAIL ADDRESS: STREET 1: 901 EAST MAIN STREET CITY: LINCOLNTON STATE: NC ZIP: 28092 4 1 form4.xml FORM 4 X0306 4 2019-12-31 true 0001676667 Carolina Trust BancShares, Inc. CART 0001469963 Cummings Rose B. 5301 MASONS FERRY RD. LAKE WYLIE SC 29710 true Common Stock 2019-12-31 4 D 0 5774 D 0 D Disposed of pursuant to the Agreement and Plan of Merger and Reorganization, dated as of July 15, 2019 (the "Merger Agreement"), by and between Carolina Financial Corporation and Carolina Trust BancShares, Inc., pursuant to which Carolina Trust BancShares, Inc. was merged with and into Carolina Financial Corporation, effective December 31, 2019 (the "Merger"). Pursuant to the Merger Agreement, at the effective date of the Merger, each issued and outstanding share of Carolina Trust BancShares, Inc. common stock was converted into the right to receive either $10.57 in cash or 0.3000 shares of Carolina Financial Corporation common stock (subject to the payment of cash in lieu of fractional shares). As a result of the Merger, the Reporting Person no longer beneficially owns, directly or indirectly, any shares of Carolina Trust BancShares, Inc. common stock. /s/ Jonathan A. Greene, by Power of Attorney 2020-01-03