0001520300-17-000013.txt : 20170914 0001520300-17-000013.hdr.sgml : 20170914 20170914121934 ACCESSION NUMBER: 0001520300-17-000013 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170913 FILED AS OF DATE: 20170914 DATE AS OF CHANGE: 20170914 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bailey Vikki D CENTRAL INDEX KEY: 0001563440 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35279 FILM NUMBER: 171085123 MAIL ADDRESS: STREET 1: 11 CHURCH STREET CITY: ASHEVILLE STATE: NC ZIP: 28801 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ASB Bancorp Inc CENTRAL INDEX KEY: 0001520300 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 453463413 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 11 CHURCH STREET CITY: ASHEVILLE STATE: NC ZIP: 28801 BUSINESS PHONE: 828-254-7411 MAIL ADDRESS: STREET 1: 11 CHURCH STREET CITY: ASHEVILLE STATE: NC ZIP: 28801 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2017-09-13 0 0001520300 ASB Bancorp Inc ASBB 0001563440 Bailey Vikki D 11 CHURCH STREET ASHEVILLE NC 28801 0 1 0 0 EVP & Chief Retail Officer Common Stock 2017-09-13 4 M 0 13750 15.712 A 21125 D Common Stock 2017-09-13 4 F 0 4839 44.65 D 16286 D Common Stock 3376 I By ESOP Common Stock 164.285 I By 401(k) Plan Common Stock 3000 I Restricted Stock I Stock Option (right to buy) 15.712 2014-02-05 2023-02-05 Common Stock 15250 15250 D This transaction reflects the exercise of an Incentive Stock Option for a total of 13,750 shares by means of a stock swap. A stock swap is a method of exercising a stock option in which the option holder attests to the ownership of enough shares of stock already owned by the option holder to cover the exercise price of the option being exercised. As a result of this stock swap, the Reporting Person acquired ownership of an additional 8,911 shares of common stock. Shares of restricted stock vest in five equal annual installments beginning on February 5, 2014, the first anniversary of the date of the award. Stock options vest in five equal annual installments beginning on February 5, 2014, the first anniversary of the date of the grant. Cindy E. Hamrick, Attorney-In-Fact 2017-09-14