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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (5) | 02/20/2024 | A | 2,087 | (6) | (6) | Common Stock | 2,087 | $ 0 | 5,494 (7) | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Butts Tanya A C/O FIRST COMMUNITY CORPORATION 5455 SUNSET BLVD LEXINGTON, SC 29072 |
EVP, COO, and CRO | |||
| /s/ D. SHAWN JORDAN, AS ATTORNEY-IN-FACT | 02/22/2024 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Shares withheld to satisfy tax withholding obligation applicable to the vesting of restricted stock. |
| (2) | Shares delivered to the reporting person pursuant to vesting of performance-based restricted stock units, which were granted to the reporting person on March 12, 2021, under the First Community Corporation 2011 Stock Incentive Plan and vested upon achievement of performance goals for the applicable performance period. |
| (3) | The performance-based restricted stock units were granted under the Plan, and therefore the reporting person paid no price for the performance-based restricted stock units. |
| (4) | Shares withheld for taxes upon the settlement in shares of the performance-based restricted stock units previously granted to the reporting person. |
| (5) | Each restricted stock unit represents a contingent right to receive one share of First Community Corporation (FCCO) common stock. |
| (6) | The restricted stock units cliff vest on February 20, 2027, at which time the vested shares will be delivered to the reporting person. |
| (7) | 1,648 restricted stock units cliff vest on February 17, 2025, at which time the vested shares will be delivered to the reporting person; 1,759 restricted stock units cliff vest on February 21, 2026, at which time the vested shares will be delivered to the reporting person; and 2,087 restricted stock units cliff vest on February 20, 2027, at which time the vested shares will be delivered to the reporting person. |