HUFFSTETLER JOHN STEPHEN 4

4 · CITIZENS SOUTH BANKING CORP · Filed Apr 17, 2009

Form 4

Period: 2009-04-16

Senior VP of Subsidiary Bank

Transactions

Exercise/Conversion
Common Stock
2009-04-16$5.61/sh+15,476$86,743→ 30,676 total
Tax Payment
Common Stock
2009-04-16$6.00/sh−14,458$86,748→ 16,218 total
Exercise/Conversion
Stock Option (Right to Buy)
2009-04-16+15,476→ 0 total
Exercise: $5.61From: 1999-04-19Exp: 2009-04-19→ Common Stock (15,476 underlying)

Holdings

Stock Option (Right to Buy)
Exercise: $5.00Exp: 2019-03-16→ Common Stock (201 underlying)
201
Common Stock
(indirect: By IRA)
2,855
Common Stock
(indirect: By 401(k))
12,781
Common Stock
(indirect: By his ESOP)
10,740
Stock Option (Right to Buy)
Exercise: $15.04From: 2003-11-03Exp: 2013-11-03→ Common Stock (20,000 underlying)
20,000
Common Stock
Exercise: $8.00Exp: 2018-06-16→ Common Stock (5,000 underlying)
5,000

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 the remaining shares from 10,000 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. Accordingly, 8,000 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 has vested. Accordingly, 20,000 remaining stock options have vested and 5,201 stock options have not vested.

Documents

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