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Origin Bancorp, Inc. — Director's Dealing 2021
Nov 16, 2021
32162_dirs_2021-11-16_f7590c89-b544-46f1-a693-5b3e79fb50db.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Origin Bancorp, Inc. (OBNK)
CIK: 0001516912
Period of Report: 2021-11-12
Reporting Person: Mills Drake (Director, Chairman, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-11-12 | Common Stock | M | 120000 | $8.25 | Acquired | 184536 | Direct |
| 2021-11-12 | Common Stock | F | 64152 | $46.79 | Disposed | 120384 | Direct |
| 2021-11-12 | Common Stock | M | 50000 | $17.50 | Acquired | 170384 | Direct |
| 2021-11-12 | Common Stock | F | 32752 | $46.79 | Disposed | 137632 | Direct |
| 2021-11-15 | Common Stock | F | 2489 | $45.91 | Disposed | 135143 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-11-12 | Stock Options (Right to Buy) | $8.25 | M | 120000 | Disposed | 2024-12-31 | Common Stock (120000.0) | Direct |
| 2021-11-12 | Stock Options (Right to Buy) | $17.5 | M | 50000 | Disposed | 2030-12-31 | Common Stock (50000.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 50070 | Indirect |
Footnotes
F1: Represents a "net exercise" of outstanding stock options. The reporting person received 55,848 shares of common stock on net exercise of option to purchase 120,000 shares of common stock. The Company withheld 64,152 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on November 11, 2021 of $46.79.
F2: Represents a "net exercise" of outstanding stock options. The reporting person received 17,248 shares of common stock on net exercise of option to purchase 50,000 shares of common stock. The Company withheld 32,752 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on November 11, 2021 of $46.79.
F3: Shares were withheld to satisfy tax withholding obligations in connection with the vesting of previously awarded restricted shares of common stock.
F4: Reflects shares allocated to the account of the reporting person pursuant to the issuer's Employee Retirement Plan.
F5: Stock Options (Right to Buy) were fully vested as of January 1, 2015.
F6: Stock Options (Right to Buy) were fully vested as of October 1, 2016.