UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Amendment No. 2
Under the Securities Exchange Act of 1934
Four Oaks Fincorp, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
350891206
(CUSIP Number)
Kenneth R. Lehman, 1408 North Abingdon Street, Arlington, Virginia 703.812.5230
(Name, address and telephone number of person authorized to receive notices and communications)
November 1, 2017
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box¨.
The information required in the remainder of this cover page shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 350891206 | Page 2 of 3 Pages |
1. | NAME OF REPORTING PERSONS: | Kenneth R. Lehman |
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): | NA | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||
(a) | ¨ | ||
(b) | x | ||
3. | FOR SEC USE ONLY |
4. | SOURCE OF FUNDS | OO |
5. | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS | |
IS REQUIRED PURSUANT TO ITEM 2(d) OF 2(e)
| ¨ |
6. | CITIZENSHIP | USA |
NUMBER OF | (7) | SOLE VOTING POWER | 0 | |
SHARES | ||||
BENEFICIALLY | (8) | SHARED VOTING POWER | 0 | |
OWNED BY | ||||
EACH | (9) | SOLE DISPOSITIVE POWER | 0 | |
REPORTING | ||||
PERSON WITH | (10) | SHARED DISPOSITIVE POWER | 0 | |
11. | AGGREGATE AMOUNT BENEFICIALLY | |
OWNED BY EACH REPORTING PERSON | 0 | |
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN | |
ROW (11) EXCLUDES CERTAIN SHARES | ¨ | |
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | 0% |
14. | TYPE OF REPORTING PERSON | IN |
CUSIP No. 350891206 | Page 3 of 3 Pages |
Item 1. | Security and Issuer |
This statement relates to the common stock, par value $1.00 (the “Common Stock”) of Four Oaks Fincorp, Inc. (the “Company”). The Company’s principal executive offices are located at 6144 US 301 South, Four Oaks, North Carolina 27524.
Item 2. | Identity and Background |
(a) | This statement is filed by Kenneth R. Lehman (the “Reporting Person”). |
(b) | The address of the Reporting Person is 1408 North Abingdon Street, Arlington, Virginia. |
(c) | The Reporting Person is a private investor. |
(d) | The Reporting Person has not, during the last five years, been convicted in a criminal proceeding. |
(e) | The Reporting Persons has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was, or is subject to, a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. |
(f) | The Reporting Person is a United States citizen. |
Item 3. | Source and Amount of Funds and Other Consideration |
NA
Item 4. | Purpose of the Transaction |
On November 1, 2017, the Company was merged with and into United Community Banks, Inc. and each of the Company’s outstanding shares of common stock was exchanged for and became .6178 shares of the acquirer’s common stock and $1.90 in cash. The Reporting Person no longer owns any shares of Common Stock.
Item 5. | Interest in Securities of the Issuer |
(a) | 0 |
(b) | 0 |
(c) | On November 1, 2017, each of the Reporting Person’s shares of Common Stock were exchanged for .6178 shares of the acquirer’s common stock and $1.90 in cash. |
(d) | Not applicable. |
(e) | November 1, 2017. |
Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer |
NA
Item 7. | Materials to be Filed as Exhibits |
NA
Signature
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
DATED: November 1, 2017
/s/ Kenneth R. Lehman | |
Kenneth R. Lehman |