BAIRD WINFIELD 4
4 · NATIONAL SECURITY GROUP INC · Filed Mar 4, 2010
Insider Transaction Report
Form 4
BAIRD WINFIELD
Director
Transactions
- Other
Phantom Stock Units
2010-03-02$11.90/sh+247$2,939→ 20,218 totalExercise: $11.90→ Phantom Stocks Units (247 underlying) - Other
Phantom Stock Units
2010-03-02$11.90/sh−6,739$80,194→ 13,479 totalExercise: $11.90→ Phantom Stocks Units (6,739 underlying)
Holdings
- 118,409
Common Stock
Footnotes (3)
- [F1]The phantom stock units were awarded under the nonqualified deferred compensation plan in which directors could elect to defer their directors fees by receiving phantom stock units payable in cash upon separation 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 component of the nonqualified deferred compensation plan which was frozen 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.
- [F3]Upon separation from service from the Board, phantom stock units will be settled in cash at the then current market price of common stock.