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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549ANNUAL 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 2270 (9-02) |
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 at End of Issuer's Fiscal Year (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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(A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
CHAO CHIMIN J C/O FIRST COMMUNITY CORP P O BOX 64 LEXINGTON, SC 29071 |
 X |  |  |  |
Chimin J. Chao | 02/16/2016 | |
**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) | Under the First Community Corporation 2006 Non Employee Deferred Compensation Plan (the Plan) on or before December 31st of any calendar year, the reporting person may elect to defer all or any part of annual retainer fee and monthly meeting fees payable in respect of the following calendar year for service as a board of director. Units of common stock are credited to the reporting persons account at the time such compensation would otherwise be payable absent the election to defer equal to the fees payable divided by the fair market value of the stock. The plan provides the account balance will be distributed solely through a distribution of common stock. The plan has previously been filed on Form 8K and the person's participation in the plan has previously been reported by First Community Corporation in its annual proxy statement. |
(2) | The reporting person was not previously aware that, in addition to the previous disclosures by First Community Corporation, the reporting person is required to transaction reporting under Section 16 with respect to the number of shares allocable to the reporting person. The person is reporting on an aggregate basis on Form 5 in accordance with the SEC Interpretive Letter to the American Bar Association (February 10, 1999, Q3). Between January 2006 and December 31, 2015 the reporting person acquired 24,743 unit of common stock in the reporting persons account under the plan. The price at which units were acquired ranged from $5.75 to $18.12. |