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4//SEC Filing

NATIONAL SECURITY GROUP INC 4

Accession 0000865058-10-000017

CIK 0000865058operating

Filed

Mar 3, 7:00 PM ET

Accepted

Mar 4, 5:50 PM ET

Size

9.2 KB

Accession

0000865058-10-000017

Insider Transaction Report

Form 4
Period: 2010-03-02
Transactions
  • Other

    Phantom Stock Units

    2010-03-02$11.90/sh130$1,547260 total
    Exercise: $11.90Phantom Stock Units (130 underlying)
  • Other

    Phantom Stock Units

    2010-03-02$11.90/sh+5$60390 total
    Exercise: $11.90Phantom Stock Units (5 underlying)
Holdings
  • Common Stock

    13,550
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 disposed of and distributed in cash.
  • [F2]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.
  • [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.

Issuer

NATIONAL SECURITY GROUP INC

CIK 0000865058

Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0000865058

Filing Metadata

Form type
4
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 5:50 PM ET
Size
9.2 KB