Sapp Michael R 4
4 · Tennessee Commerce Bancorp, Inc. · Filed Oct 4, 2011
Insider Transaction Report
Form 4
Sapp Michael R
DirectorCEO
Transactions
- Award
Phantom Stock
[F1]2011-10-03$0.92/sh+13,587$12,500→ 13,587 total→ Common Stock (13,587 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.
Signature
/s/ Frank Perez, Attorney-in-Fact|2011-10-04