4//SEC Filing
CITIZENS SOUTH BANKING CORP 4
Accession 0000943374-09-000350
CIK 0001051871operating
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 4:16 PM ET
Size
12.8 KB
Accession
0000943374-09-000350
Insider Transaction Report
Form 4
BOYD DANIEL MARCUS IV
Exec. VP and COO of Subsidiary
Transactions
- Sale
Common Stock
2009-02-20$5.25/sh−200$1,050→ 23,300 total - Sale
Common Stock
2009-02-20$5.15/sh−900$4,635→ 22,400 total - Sale
Common Stock
2009-02-23$5.15/sh−1,900$9,785→ 20,500 total
Holdings
- 6,032(indirect: By his ESOP)
Common Stock
- 20,000
Stock Option (Right to Buy)
Exercise: $8.00Exp: 2018-06-16→ Common Stock (20,000 underlying) - 20,000
Stock Option (Right to Buy)
Exercise: $15.04From: 2003-11-03Exp: 2013-11-03→ Common Stock (20,000 underlying) - 7,410(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Includes 15,000 Restricted Stock Awards that will vest over a five-year period, commencing on June 16, 2008, the date of the award, 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 3,500 Recognition and Retention Plan awards that will cliff vest on January 22, 2012, five years after the date of the award; and includes the remaining 2,000 unvested shares from 10,000 Recognition and Retention Plan shares awarded on November 3, 2003, 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. Accordingly, 8,000 shares have vested and 20,500 shares have not vested.
- [F2]This incentive stock option vests in five equal annual installments, with the first installment vesting one year from the date of grant, or on June 16, 2009, and continuing each anniversary thereafter through June 16, 2013.
- [F3]This incentive option has vested.
Documents
Issuer
CITIZENS SOUTH BANKING CORP
CIK 0001051871
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001051871
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 4:16 PM ET
- Size
- 12.8 KB