Sec Form 4 Filing - JONES FRED @ Entegra Financial Corp. - 2019-12-31

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 CT 3. Date of Earliest Transaction (MM/DD/YY) 12/31/2019 (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 12/31/2019 D 8,198 D $ 30.18 ( 1 ) 0 D Common Stock 12/31/2019 D 445 D $ 30.18 ( 1 ) 0 I By Rabbi Trust ( 2 ) Common Stock 12/31/2019 D 8,846 ( 4 ) D $ 30.18 ( 1 ) 0 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 ( 5 ) 12/31/2019 D 1,020 ( 6 ) ( 7 ) Common Stock 1,020 $ 30.18 ( 10 ) 0 D Stock Options $ 18.55 12/31/2019 D 11,900 11/30/2016( 8 ) ( 9 ) Common Stock 11,900 $ 11.63 ( 11 ) 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other JONES FRED 14 ONE CENTER CT FRANKLIN, NC28734 X Signatures /s/ Ryan Scaggs, attorney-in-fact for Fred H. Jones 01/03/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The common stock was disposed of in connection with the consummation of the merger between the Issuer and a direct, wholly-owned subsidiary of First-Citizens Bank & Trust Company (the "Merger"). The disposition was approved in advance by the Issuer's board of directors pursuant to Rule 16b-3(e), and, therefore, is exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"). ( 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 )2,846 shares belonging to the Trust were inadvertently omitted from the Reporting Person's Form 4 filed on 11/22/2019. ( 5 )Each restricted stock unit represented the contingent right to receive one share of common stock upon vesting of the unit. ( 6 )Restricted stock units were to vest in five equal annual installments beginning on 11/30/2016, the first anniversary of the date of grant. ( 7 )No expiration date. ( 8 )Stock options were to vest in five equal annual installments beginning on 11/30/2016, the first anniversary of the date of the grant. ( 9 )Ten years from exercise date. ( 10 )The restricted stock units were cancelled by an agreement between the Reporting Person and the Issuer in connection with the Merger. The disposition was approved in advance by the Issuer's board of directors pursuant to Rule 16b-3(e), and, therefore, is exempt from Section 16(b) of the Exchange Act. ( 11 )The options were cancelled by an agreement between the Reporting Person and the Issuer in connection with the Merger. The disposition was approved in advance by the Issuer's board of directors pursuant to Rule 16b-3(e), and, therefore, is exempt from Section 16(b) of the Exchange Act.

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).

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