SMITH HOWARD B III 4
4 · CNB CORP /SC/ · Filed Oct 15, 2004
Insider Transaction Report
Form 4
CNB CORP /SC/NONE
SMITH HOWARD B III
Director
Transactions
- Other
Common Stock
2004-10-15$132.00/sh+363$47,916→ 3,995 total
Holdings
- 288
Phantom Stock
→ Common Stock
Footnotes (3)
- [F1]Stock Dividend.
- [F2]The phantom stock units were accrued under the Director Phantom Stock Deferral Agreement and are to be settled 100% in cash. The units vest upon termination of Board service in the case of retirement or disability, upon death in the event of death, or upon a change of control in the event of a change of control. Benefits are payable at various times after vesting depending upon whether there was a termination of Board service as a result of retirement, death or disability or there was a change of control.
- [F3]Includes accrual of cash dividends.