Key facts
- This page summarizes Patrick Timothy Oakes's Form 4 filing for Atlantic Capital Bancshares, Inc..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 03 Mar 2022, 14:13.
Patrick Timothy Oakes - 01 Mar 2022 Form 4 Insider Report for Atlantic Capital Bancshares, Inc.
- Reporting relationship
- EVP, CFO, SEC. & TREASURER
- Issuer ticker
- N/A
- Reported as of
- 01 Mar 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 03 Mar 2022, 14:13:18 UTC
- Prior SEC filing
- 20 Dec 2021
- Next SEC filing
- 11 Aug 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jennifer Boyd, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Patrick Timothy Oakes filed Form 4 for Atlantic Capital Bancshares, Inc. on 03 Mar 2022.
Change
- Previous filing in this sequence was filed on 20 Dec 2021.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ACBI
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -31,411
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Mar 2022
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ACBI
transaction
Derivative
Employee Stock Option (right to buy)
Disposed to Issuer
- Transaction value
- Shares
- -50,000
- Change %
- Price
- Shares after
- $0
- Date
- 01 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 50,000
- Exercise price
- $15.00
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Patrick Timothy Oakes is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 2 footnotes
Footnote F1
Disposed of pursuant to the Agreement and Plan of Merger, dated as of July 22, 2021 (the "Merger Agreement"), by and between SouthState Corporation ("Southstate") and Atlantic Capital Bancshares, Inc. ("Atlantic Capital"), pursuant to which Atlantic Capital merged with and into SouthState (the "Merger") on March 1, 2022. Pursuant to the Merger Agreement, each share of Atlantic Capital common stock issued and outstanding immediately prior to the effective time of the Merger (the "Effective Time") (other than certain shares held by Atlantic Capital or SouthState) was converted into the right to receive 0.3600 (the "Exchange Ratio") shares of SouthState common stock. The price of SouthState common stock on NASDAQ at the Effective Time was $90.00.
Footnote F2
Disposed of pursuant to the Merger Agreement; each outstanding option to purchase shares of Atlantic Capital common stock ("Atlantic Capital Option"), whether vested or unvested, was converted into an option to purchase shares of SouthState common stock ("SouthState Option"), with the number of shares underlying such SouthState Option and the applicable exercise price adjusted based on the Exchange Ratio. Following the Effective Time, SouthState Options, otherwise remain subject to the same terms and conditions as were applicable to the corresponding Atlantic Capital Options immediately prior to the Effective Time.