McNeill Douglas W 4

4 · PAB BANKSHARES INC · Filed Sep 11, 2009

Form 4

Period: 2009-09-09

Director

Transactions

Conversion
Series A Convertible Preferred Stock
2009-09-09−500→ 0 total
Exercise: $3.00→ Common Stock (166,666 underlying)
Purchase
Series A Convertible Preferred Stock
2009-09-09$1000.00/sh+500$500,000→ 500 total
Exercise: $3.00→ Common Stock (166,666 underlying)
Purchase
Common Stock Warrants (right to buy)
2009-09-09+40,000→ 40,000 total
Exercise: $3.75From: 2009-09-09Exp: 2016-09-09→ Common Stock (40,000 underlying)
Small Acquisition
Common Stock
2009-02-17$3.90/sh+768.738$3,000→ 1,306.99 total(indirect: ESPP)
Conversion
Common Stock
2009-09-09$3.00/sh+166,666$499,998→ 166,666 total

Holdings

Common Stock
(indirect: By Trust)
17,616
Non-qualified Stock Option (Right to Buy)
Exercise: $18.14Exp: 2016-01-03→ Common Stock (2,040 underlying)
2,040
Common Stock
(indirect: By IRA)
10,428
Non-qualified Stock Option (Right to Buy)
Exercise: $13.85Exp: 2015-03-29→ Common Stock (1,224 underlying)
1,224
Non-qualified Stock Option (Right to Buy)
Exercise: $4.90Exp: 2019-01-02→ Common Stock (2,000 underlying)
2,000

Footnotes (4)

[F1]Shares purchased with 50% company match funds.
[F2]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.
[F3]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.
[F4]The option becomes available in five equal installments, commencing one year after the date of grant.

Documents

1 file