Home/Filings/4/0001127602-09-018722
4//SEC Filing

PAB BANKSHARES INC 4

Accession 0001127602-09-018722

CIK 0000705200operating

Filed

Sep 10, 8:00 PM ET

Accepted

Sep 11, 6:26 PM ET

Size

20.8 KB

Accession

0001127602-09-018722

Insider Transaction Report

Form 4
Period: 2009-09-09
Transactions
  • Conversion

    Common Stock

    2009-09-09$3.00/sh+43,333$129,99943,333 total(indirect: by PSP)
  • Purchase

    Common Stock Warrants (right to buy)

    2009-09-09+10,40010,400 total(indirect: by PSP)
    Exercise: $3.75From: 2009-09-09Exp: 2016-09-09Common Stock (10,400 underlying)
  • Conversion

    Series A Convertible Preferred Stock

    2009-09-091300 total(indirect: by PSP)
    Exercise: $3.00Common Stock (43,333 underlying)
  • Purchase

    Series A Convertible Preferred Stock

    2009-09-09$1000.00/sh+130$130,000130 total(indirect: by PSP)
    Exercise: $3.00Common Stock (43,333 underlying)
Holdings
  • Non-qualified Stock Option (Right to Buy)

    Exercise: $15.93From: 1999-10-18Exp: 2009-10-18Common Stock (10,200 underlying)
    10,200
  • Common Stock

    (indirect: ESPP)
    1,315.113
  • Common Stock

    (indirect: By IRA)
    2,797
  • Non-qualified Stock Option (Right to Buy)

    Exercise: $3.00Exp: 2019-04-28Common Stock (50,000 underlying)
    50,000
  • Non-qualified Stock Option (Right to Buy)

    Exercise: $13.05From: 2005-01-01Exp: 2010-01-01Common Stock (2,040 underlying)
    2,040
Footnotes (3)
  • [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]Shares are purchased with 50% company match funds.
  • [F3]These are performance based options and will vest as follows : 5,000 shares will vest when the trading price of the Company's stock reaches $4.50 per share; 5,000 shares will vest when the trading price reaches $6.00 per share; 10,000 shares will vest when the trading price reaches $9.00 per share and 30,000 shares will vest when the trading price reaches $12.00 per share.

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, 6:26 PM ET
Size
20.8 KB