Franklin Frederick D Jr 4
4 · ATLANTIC COAST FEDERAL CORP · Filed Aug 17, 2009
Insider Transaction Report
Form 4
Franklin Frederick D Jr
Director
Transactions
- Award
Phantom Stock
2009-08-13$2.12/sh+788.88$1,669→ 10,621.698 total→ Common Stock (788.88 underlying) - Award
Phantom Stock
2009-08-14$2.15/sh+177.978$382→ 10,799.676 total→ Common Stock (177.978 underlying)
Holdings
- 10,352
Common Stock
- 14,300
Stock Options
Exercise: $13.73From: 2006-07-28Exp: 2015-07-28→ Common Stock (14,300 underlying) - 7,150
Stock Options
Exercise: $13.70From: 2006-10-11Exp: 2015-10-11→ Common Stock (7,150 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.