BRINSON VANCE BURTON JR 4
4 · CITIZENS SOUTH BANKING CORP · Filed Nov 4, 2003
Insider Transaction Report
Form 4
BRINSON VANCE BURTON JR
EVP of subsidiary bank
Transactions
- Award
Common Stock
2003-11-03+10,000→ 10,500 total - Award
Stock Options
2003-11-03+20,000→ 20,000 totalExercise: $15.04From: 2003-11-03Exp: 2013-11-03→ Common Stock (20,000 underlying)
Holdings
- 37,126
Stock Option
Exercise: $7.26From: 2003-03-25Exp: 2012-03-25→ Common Stock (17,126 underlying) - 722(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Recognition and Retention awards will vest over a seven-year period, commencing on the date of the award, at a rate of 30% immediately, 10% on January 2, 2004, 10% on November 3, 2005, and 10% per year on November 3 of each year thereafter.
- [F2]Vesting is over a five-year period, commencing on the initial date of employment with Citizens South Bank.
- [F3]This Employee Incentive Stock Option vests in five (5) equal annual installments beginning March 25, 2003.