BOYD DANIEL MARCUS IV 4

4 · CITIZENS SOUTH BANKING CORP · Filed Nov 6, 2009

Form 4

Period: 2009-11-05

Exec. VP and COO of Subsidiary

Transactions

Holdings

Common Stock
(indirect: By 401(k))
7,930
Common Stock
(indirect: By his ESOP)
6,825
Stock Option (Right to Buy)
Exercise: $5.00Exp: 2019-03-16→ Common Stock (201 underlying)
201
Stock Option (Right to Buy)
Exercise: $8.00Exp: 2018-06-16→ Common Stock (20,000 underlying)
20,000
Stock Option (Right to Buy)
Exercise: $15.04From: 2003-11-03Exp: 2013-11-03→ Common Stock (20,000 underlying)
20,000

Footnotes (4)

[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 1,000 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, 10,500 shares have vested and 18,000 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.

Documents

1 file