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BOYD DANIEL MARCUS IV 4

Accession 0000943374-09-000467

CIK 0001051871other
View on SEC.govCompany Profile

Filed

Mar 17, 8:00 PM ET

Accepted

Mar 18, 1:53 PM ET

Size

11.5 KB

Accession

0000943374-09-000467

Insider Transaction Report

Form 4
Period: 2009-03-16
CITIZENS SOUTH BANKING CORPCSBC
BOYD DANIEL MARCUS IV
Exec. VP and COO of Subsidiary
Transactions
  • Award

    Stock Option (Right to Buy)

    2009-03-16+201→ 201 total
    Exercise: $5.00Exp: 2019-03-16→ Common Stock (201 underlying)
Holdings

  • Common Stock

    20,500

  • Common Stock

    (indirect: By 401(k))
    7,739

  • Common Stock

    (indirect: By his ESOP)
    6,825

  • 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)
    20,000
Footnotes (4)
  • [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 March 16, 2010, and continuing each anniversary thereafter through March 16, 2014.
  • [F3]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.
  • [F4]This incentive option has vested. Accordingly, 20,000 options have vested and 20,201 options have not vested.

Documents

1 file

Issuer

CITIZENS SOUTH BANKING CORP

CIK 0001051871

→
Entity typeother

Related Parties

1
  • filerCIK 0001250003

Filing Metadata

Form type
4
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 1:53 PM ET
Size
11.5 KB
View on SEC.gov