SMITH HOWARD B III 4
4 · CNB CORP /SC/ · Filed Dec 23, 2004
Insider Transaction Report
Form 4
CNB CORP /SC/NONE
SMITH HOWARD B III
Director
Transactions
- Award
Phantom Stock
2004-12-23$133.00/sh+45$5,985→ 370 total→ Common Stock (45 underlying)
Holdings
- 3,995
Common Stock
Footnotes (2)
- [F1]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.
- [F2]Includes accrual of cash dividends.