Flowe Ira McDonald Jr 4
4 · CITIZENS SOUTH BANKING CORP · Filed Mar 18, 2009
Insider Transaction Report
Form 4
Flowe Ira McDonald Jr
Senior VP of Subsidiary Bank
Transactions
- Award
Stock Option (Right to Buy)
2009-03-16+201→ 201 totalExercise: $5.00Exp: 2019-03-16→ Common Stock (201 underlying)
Holdings
- 7,000
Common Stock
- 3,382(indirect: By his ESOP)
Common Stock
- 7,500
Stock Option (Right to Buy)
Exercise: $12.50From: 2005-10-18Exp: 2014-10-18→ Common Stock (7,500 underlying) - 5,000
Stock Option (Right to Buy)
Exercise: $8.00Exp: 2018-06-16→ Common Stock (5,000 underlying)
Footnotes (4)
- [F1]Includes 5,000 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 2,000 Recognition and Retention awards that will cliff vest on January 22, 2012, five years after the date of the award. Accordingly, no shares have vested and 7,000 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 was granted on October 18, 2004, vests over a five year-period at the rate of 20% per year, and is 80% vested. Accordingly, 6,000 options have vested and 6,701 options have not vested.