CLYBURN WILLIAM 4
4 · SECURITY FEDERAL CORP · Filed May 26, 2011
Insider Transaction Report
Form 4
CLYBURN WILLIAM
Director
Transactions
- Purchase
Common Stock
[F1]2011-05-25$8.00/sh+2,000$16,000→ 8,514 total - Purchase
8% Convertible Senior Debentures
[F2][F3]2009-12-01$100000.00/sh+5,000$500,000,000→ 5,000 totalExercise: $20.00Exp: 2029-12-01→ Common Stock (5,000 underlying)
Footnotes (3)
- [F1]Includes 6,464 shares held jointly with spouse.
- [F2]On December 1, 2009, the Reporting Person participated in the offering of Issuer's 8% Convertible Senior Debentures. The transaction was disclosed by the Issuer on a Current Report filed on Form 8-K with the SEC on December 4, 2009.
- [F3]The debentures are convertible into the Issuer's common stock at any time prior to the December 1, 2029 maturity date, unless previously redeemed pursuant to the terms of an indenture.
Signature
/s/Beverly S. Nettles, Attorney-In-Fact|2011-05-26