MAIN STREET BANKS INC /NEW/ 4
4 · MAIN STREET BANKS INC /NEW/ · Filed Dec 16, 2004
Insider Transaction Report
Form 4
HAY SAMUEL B III
DirectorPresident & COO
Transactions
- Award
Options to Purchase MSBK Common Stock
2004-12-14+9,740→ 52,658 totalExercise: $33.48Exp: 2014-12-13→ MSBK Common Stock (9,740 underlying) - Award
MSBK Common Stock
2004-12-14+4,870→ 297,155 total
Holdings
- 28,506(indirect: By Hay/Fowler LLLP)
MSBK Common Stock
Footnotes (3)
- [F1]Securities are "Restricted Stock," granted to the undersigned under the terms of the Issuer's Omnibus Stock Ownership and Long Term Incentive Plan (the "Plan"). Restrictions lapse over five (5) years, with one-fifth (1/5) of the securities being released from restrictions per year beginning January 1, 2006 and on each anniversary thereafter.
- [F2]Options vest over five (5) years, with one-fifth (1/5) of options vesting per year beginning on the first anniversary of the grant date.
- [F3]The options were granted to the undersigned under the terms of the Plan.