CLYBURN WILLIAM 4
4 · SECURITY FEDERAL CORP · Filed May 26, 2011
Insider Transaction Report
Form 4
CLYBURN WILLIAM
Director
Transactions
- Purchase
8% Convertible Senior Debentures
2009-12-01$100000.00/sh+5,000$500,000,000→ 5,000 totalExercise: $20.00Exp: 2029-12-01→ Common Stock (5,000 underlying) - Purchase
Common Stock
2011-05-25$8.00/sh+2,000$16,000→ 8,514 total
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.