Franklin Frederick D Jr 4
4 · ATLANTIC COAST FEDERAL CORP · Filed Jul 13, 2009
Insider Transaction Report
Form 4
Franklin Frederick D Jr
Director
Transactions
- Award
Phantom Stock
2009-07-09$2.18/sh+898.222$1,958→ 9,832.818 total→ Common Stock (898.222 underlying)
Holdings
- 7,150
Stock Options
Exercise: $13.70From: 2006-10-11Exp: 2015-10-11→ Common Stock (7,150 underlying) - 10,352
Common Stock
- 14,300
Stock Options
Exercise: $13.73From: 2006-07-28Exp: 2015-07-28→ Common Stock (14,300 underlying)
Footnotes (3)
- [F1]Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable upon the reporting person's termination of service as a director.
- [F2]Represents stock options that vest at a rate of 20% per year commencing on July 28, 2006.
- [F3]Represents stock options that vest at a rate of 20% per year commencing on October 11, 2006.