4//SEC Filing
PAB BANKSHARES INC 4
Accession 0001127602-09-018713
CIK 0000705200operating
Filed
Sep 10, 8:00 PM ET
Accepted
Sep 11, 6:09 PM ET
Size
28.3 KB
Accession
0001127602-09-018713
Insider Transaction Report
Form 4
CARROLL WALTER W II
DirectorDirector/Vice President
Transactions
- Conversion
Series A Convertible Preferred Stock
2009-09-09−170→ 0 total(indirect: By IRA)Exercise: $3.00→ Common Stock (56,666 underlying) - Purchase
Common Stock Warrants (right to buy)
2009-09-09+13,600→ 13,600 total(indirect: By IRA)Exercise: $3.75From: 2009-09-09Exp: 2016-09-09→ Common Stock (13,600 underlying) - Purchase
Series A Convertible Preferred Stock
2009-09-09$1000.00/sh+170$170,000→ 170 total(indirect: By IRA)Exercise: $3.00→ Common Stock (56,666 underlying) - Conversion
Common Stock
2009-09-09$3.00/sh+56,666$169,998→ 56,666 total(indirect: By IRA)
Holdings
- 4,080
Incentive Stock Option (Right to Buy)
Exercise: $7.55Exp: 2012-08-02→ Common Stock (4,080 underlying) - 1,171(indirect: By Spouse)
Common Stock
- 2,040
Non-qualified Stock Option (Right to Buy)
Exercise: $13.05Exp: 2010-01-01→ Common Stock (2,040 underlying) - 1,962(indirect: Direct Joint)
Common Stock
- 2,000
Non-qualified Stock Option (Right to Buy)
Exercise: $4.90Exp: 2019-01-02→ Common Stock (2,000 underlying) - 1,327.538(indirect: Espp)
Common Stock
- 10,200
Non-qualified Stock Option (Right to Buy)
Exercise: $15.93Exp: 2009-10-18→ Common Stock (10,200 underlying) - 79,108
Common Stock
Footnotes (9)
- [F1]The series A and series B convertible preferred stock is immediately convertible at any time at a conversion price of $3.00 and has no expiration date. All of the shares were converted to common stock on 9/9/09.
- [F2]The reporting person disclaims beneficial ownership of all securities held by spouse, and the report should not be deemed as an admission that the reporting person is the beneficial owner of such securities for purpose of Section 16 or any other purpose.
- [F3]These shares are held in jointly with reporting person's spouse as to which shares reporting person possesses shared voting and investment power.
- [F4]Shares purchased with 50% company match funds.
- [F5]Employee stock option (right to buy) granted pursuant to PAB Bankshares, Inc. 1994 Employee Stock Option Plan. It is the intent of the Company that any option or award granted under the plan satisfy and be interpreted in a manner that satisfies the applicable requirements of Rule 16b-3, so that any person subject to Section 16 of the Securities Act of 1933 will be entitled to the benefits of Rule 16b-3 or other exemptive rules under Section 16 of the Act and will not be subjected to liability thereunder. Options and awards granted under this plan, prior to August 15, 1996, to persons subject to Section 16, were granted in compliance with the exemption requirements of Rule 16b-3, as it existed in effect from May 1, 1991 until August 15, 1996, to persons subject to Section 16, are approved by the full board of Directors of PAB Bankshares, Inc., in compliance with the exemption alternatives of Rule 16b-3, as amended August 15, 1996.
- [F6]The original option vested in five equal installments, commencing one year after the date of grant. Upon Mr. Carroll's retirement, the option vested in full.
- [F7]Stock Option (right to buy) granted pursuant to PAB Bankshares, Inc. 1999 Stock Option Plan. It is the intent of the company that any option award granted under the plan satisfy and be interpreted in a manner that satisfies the applicable requirements of Rule 16b-3, so that any person subject to Section 16 of the Securities Act of 1933 will be entitled to the benefits of Rule 16b-3 or other exemptive rules under Section 16 of the Act and will be subjected to liability thereunder. Options and awards granted under this plan to persons subject to Section 16, are approved by the full board of Directors of PAB Bankshares, Inc., in compliance with the exemption aternatives of Rule 16b-3, as amended August 15, 1996.
- [F8]The option becomes exercisable effective date of grant.
- [F9]The option becomes available in five equal installments, commencing one year after the date of grant.
Documents
Issuer
PAB BANKSHARES INC
CIK 0000705200
Entity typeoperating
IncorporatedGA
Related Parties
1- filerCIK 0000705200
Filing Metadata
- Form type
- 4
- Filed
- Sep 10, 8:00 PM ET
- Accepted
- Sep 11, 6:09 PM ET
- Size
- 28.3 KB