4//SEC Filing
BOYD DANIEL MARCUS IV 4
Accession 0000943374-09-001027
CIK 0001051871other
Filed
Jul 22, 8:00 PM ET
Accepted
Jul 23, 4:15 PM ET
Size
11.8 KB
Accession
0000943374-09-001027
Insider Transaction Report
Form 4
BOYD DANIEL MARCUS IV
Exec. VP and COO of Subsidiary
Transactions
- Sale
Common Stock
2009-07-22$5.47/sh−1,500$8,205→ 19,000 total
Holdings
- 6,825(indirect: By his ESOP)
Common Stock
- 7,961(indirect: By 401(k))
Common Stock
- 201
Stock Option (Right to Buy)
Exercise: $5.00Exp: 2019-03-16→ Common Stock (201 underlying) - 20,000
Stock Option (Right to Buy)
Exercise: $15.04From: 2003-11-03Exp: 2013-11-03→ Common Stock (20,000 underlying) - 20,000
Stock Option (Right to Buy)
Exercise: $8.00Exp: 2018-06-16→ Common Stock (20,000 underlying)
Footnotes (5)
- [F1]Includes the remaining 13,500 unvested shares from 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, 9,500 shares have vested and 19,000 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, 24,000 options have vested and 16,201 options have not vested.
- [F5]Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
Documents
Issuer
CITIZENS SOUTH BANKING CORP
CIK 0001051871
Entity typeother
Related Parties
1- filerCIK 0001250003
Filing Metadata
- Form type
- 4
- Filed
- Jul 22, 8:00 PM ET
- Accepted
- Jul 23, 4:15 PM ET
- Size
- 11.8 KB