0001127602-16-044043.txt : 20160301
0001127602-16-044043.hdr.sgml : 20160301
20160301120034
ACCESSION NUMBER: 0001127602-16-044043
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160301
FILED AS OF DATE: 20160301
DATE AS OF CHANGE: 20160301
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NEWBRIDGE BANCORP
CENTRAL INDEX KEY: 0000714530
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 561348147
STATE OF INCORPORATION: NC
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1501 HIGHWOODS BOULEVARD
STREET 2: SUITE 400
CITY: GREENSBORO
STATE: NC
ZIP: 27410
BUSINESS PHONE: 336-369-0900
MAIL ADDRESS:
STREET 1: P O BOX 18807
CITY: GREENSBORO
STATE: NC
ZIP: 27419
FORMER COMPANY:
FORMER CONFORMED NAME: LSB BANCSHARES INC /NC/
DATE OF NAME CHANGE: 19920703
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Budd William Wesley JR
CENTRAL INDEX KEY: 0001387020
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-11448
FILM NUMBER: 161472108
MAIL ADDRESS:
STREET 1: P.O. BOX 2037
CITY: REIDSVILLE
STATE: NC
ZIP: 27323
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2016-03-01
1
0000714530
NEWBRIDGE BANCORP
NBBC
0001387020
Budd William Wesley JR
P. O. BOX 18807
GREENSBORO
NC
27419
1
SEVP and Chief Credit Officer
Class A Common Stock
2016-03-01
4
D
0
29294
D
0
D
Class A Common Stock
2016-03-01
4
D
0
1654
D
0
I
Deferred Trust
Incentive Stock Option (Right to Buy)
13.6449
2016-03-01
4
D
0
5350
D
2017-01-25
Class A Common Stock
5350
0
D
Restricted Stock Units
2016-03-01
4
D
0
10000
D
Class A Common Stock
10000
0
D
Restricted Stock Units
2016-03-01
4
D
0
7093
D
Class A Common Stock
7093
0
D
Disposed of pursuant to the Agreement and Plan of Merger between Yadkin Financial Corporation ("Yadkin") and issuer, dated October 12, 2015 (the "Merger Agreement"), pursuant to which issuer was merged with and into Yadkin, effective March 1, 2016 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of issuer common stock was exchanged for 0.50 shares of Yadkin common stock. As a result of the Merger, the reporting person no longer beneficially owns directly or indirectly any shares of issuer common stock.
Pursuant to the Merger Agreement, each option to purchase shares of issuer's common stock (whether vested or unvested), which was outstanding and unexercised immediately prior to the effective time of the Merger, automatically became fully vested and was assumed by Yadkin and converted into a stock option to purchase shares of Yadkin common stock, with the number of underlying shares and the exercise price determined under the Merger Agreement.
This option was replaced with an option to purchase 2,675 shares of Yadkin common stock for $27.2898 per share.
Each restricted stock unit represents the contingent right to receive one share of issuer common stock upon vesting of the unit.
These restricted stock units became fully vested at the effective time of the Merger and were converted into 5,000 restricted stock units of Yadkin common stock.
These restricted stock units remained unvested at the effective time of the Merger and were converted into 3,546 restricted stock units of Yadkin common stock.
/s/ Richard M. Cobb, attorney-in-fact for William Wesley Budd, Jr.
2016-03-01