Sapp Michael R 4
4 · Tennessee Commerce Bancorp, Inc. · Filed Jul 6, 2011
Insider Transaction Report
Form 4
Sapp Michael R
DirectorPresident
Transactions
- Award
Phantom Stock
2011-04-01$4.90/sh+2,551$12,500→ 2,551 total→ Common Stock (2,551 underlying) - Award
Phantom Stock
2011-07-01$2.60/sh+4,808$12,501→ 4,808 total→ Common Stock (4,808 underlying)
Footnotes (1)
- [F1]Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, on July 1, 2012.