Sec Form 4 Filing - JONES FRED @ Entegra Financial Corp. - 2019-11-07

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
JONES FRED
2. Issuer Name and Ticker or Trading Symbol
Entegra Financial Corp. [ ENFC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
14 ONE CENTER COURT
3. Date of Earliest Transaction (MM/DD/YY)
11/07/2019
(Street)
FRANKLIN, NC28734
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/07/2019 G V 4,142 D $ 30.05 7,178 D ( 1 )
Common Stock 445 I By Rabbi Trust ( 2 )
Common Stock 6,000 I By Irrevocable Trust ( 3 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units ( 4 ) 11/30/2019( 5 ) ( 7 ) Common Stock 2,040 2,040 D
Stock Options $ 18.55 11/30/2016( 6 ) ( 8 ) Common Stock 11,900 $ 11,900 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
JONES FRED
14 ONE CENTER COURT
FRANKLIN, NC28734
X
Signatures
/s/ David Bright, attorney-in-fact for Fred Jones 11/22/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This form excludes 1,500 shares of Common Stock previously reported as indirectly held through the Reporting Person's children. The Reporting Person no longer has a reportable beneficial ownership interest in the 1,500 shares of Common Stock held by his son and daughter.
( 2 )Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
( 3 )These shares of Common Stock are held by an irrevocable trust (the "Trust"), of which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of Common Stock held by the Trust except to the extent of his pecuniary interest therein.
( 4 )Each restricted stock unit represents the contingent right to receive one share of Common Stock upon vesting of the unit.
( 5 )On 11/30/2018, 1,020 restricted stock units vested according to their terms. The remaining restricted stock units vest in two annual installments beginning on November 30, 2019.
( 6 )Stock options vest in five equal annual installments beginning on November 30, 2016, the first anniversary of the date of the grant.
( 7 )No expiration date.
( 8 )Ten years from exercise date.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).

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