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FB Financial Corp — Director's Dealing 2019
Jan 28, 2019
31386_dirs_2019-01-28_2fb9a297-7c89-49ac-a8ef-1a0cc6d3dae7.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: FB Financial Corp (FBK)
CIK: 0001649749
Period of Report: 2019-01-17
Reporting Person: Peery Robert Wade (Chief Administrative Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 17720 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| EBI Units | $ | Common Stock (2700) | Direct |
Footnotes
F1: Includes 9,106 restricted stock units ("RSUs") granted pursuant to the issuer's 2016 Incentive Plan. These RSUs convert on a 1:1 basis into shares of the issuer's Common Stock. These 9,106 RSUs have vested or will vest as follows: (i) 5,263 vest in full on September 21, 2021; (ii) 1,334 will vest in approximately two equal installments on March 16, 2019 and March 16, 2020, with a prior vesting installment of 667 RSUs occurring on March 16, 2018 and (iii) 2,509 vest in approximately three equal installments on March 1, 2019, March 1, 2020, and March 1, 2021.
F2: The issuer has granted EBI Units to the reporting person pursuant to the FirstBank 2012 Equity Based Incentive Plan (the "2012 EBI Plan"), and the EBI Units vest in full on January 31, 2019. For each EBI Unit vested to such reporting person, the reporting person has elected to receive either (i) an amount in cash equal to the fair market value of a share of common stock on the December 31 immediately preceding the payment date or (ii) a number of shares of issuer common stock determined pursuant to the following conversion formula: (a) the number of EBI Units outstanding under the 2012 EBI Plan, multiplied by: (b) 1.13 (determined by dividing $21.4085, the fair market value per EBI Unit as determined under the 2012 EBI Plan, by $19.00, the IPO price). Prior to the filing of this Form 3, the reporting person elected to receive a number of shares of issuer common stock. Accordingly, upon the vesting of the reporting person's EBI Units, he will receive 3,042 shares of issuer common stock.