CITIZENS SOUTH BANKING CORP 4

4 · CITIZENS SOUTH BANKING CORP · Filed Jan 26, 2009

Form 4

Period: 2009-01-22

Director

Transactions

Purchase
Common Stock
2009-01-22$4.66/sh+160$746→ 13,960 total(indirect: By IRA)
Purchase
Common Stock
2009-01-22$4.71/sh+100$471→ 14,060 total(indirect: By IRA)
Purchase
Common Stock
2009-01-22$4.71/sh+185$871→ 5,826 total(indirect: By Spouse)
Purchase
Common Stock
2009-01-22$4.71/sh+100$471→ 1,064 total(indirect: By Spouse)

Holdings

Common Stock
30,749
Stock Option (Right to Buy)
Exercise: $15.04From: 2003-11-03Exp: 2013-11-03→ Common Stock (22,670 underlying)
22,670
Common Stock
(indirect: By IRA)
135
Common Stock
(indirect: Cust for son)
8,473
Common Stock
(indirect: Cust for daughter)
3,344
Stock Option (Right to Buy)
Exercise: $8.00Exp: 2018-06-16→ Common Stock (2,800 underlying)
2,800
Stock Option (Right to Buy)
(indirect: By LLC)
Exercise: $5.61From: 1999-04-19Exp: 2009-04-19→ Common Stock (4,995 underlying)
4,995

Footnotes (4)

[F1]Includes 1,800 Restricted Stock Awards that vest over a five-year period at the rate of 10% on June 16, 2009, 10% on June 16, 2010, 10% on June 16, 2011, 35% on June 16, 2012, and 35% on June 16, 2013; and includes 10,510 Recognition and Retention awards that vest over a seven-year period, commencing on November 3, 2003, at the rate of 30% on November 3, 2003, 10% on January 2, 2004, 10% on November 3, 2005, and 10% per year on November 3 of each year thereafter. Currently, 8,408 shares have vested and 3,902 shares have not vested.
[F2]This non-statutory option vests in five equal annual installments, with the first installment becoming exercisable on the first anniversary of the date of grant, or June 16, 2009, and succeeding installments on each anniversary thereafter through June 16, 2013.
[F3]This non-statutory option has vested.
[F4]Options held by a Limited Liability Company of which the reporting person has one-third ownership.

Documents

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