NATIONAL SECURITY GROUP INC 5
5 · NATIONAL SECURITY GROUP INC · Filed Feb 17, 2009
Insider Transaction Report
Form 5
BROOKS FLEMING G
Director
Transactions
- Other
Phantom Stock Units
2009-02-14$5.95/sh+29$173→ 356 totalExercise: $5.95→ Phantom Stock Units (29 underlying)
Holdings
- 13,550
Common Stock
Footnotes (2)
- [F1]The phantom stock units were awarded under the nonqualified deferred compensation plan in which directors could elect to defer their directors fees by recieving phantom stock units payable in cash upon seperation from service from the board. The Plan was frozen on 12/31/2004. These shares were acquired during the fiscal year pursuant to the dividend reinvestment componenet of the nonqualified deferred compensation plan which was frozen on 12/31/2004.
- [F2]Upon separation from service from the Board, phantom stock units will be settled in cash at the then current market price of common stock.