PAB BANKSHARES INC 4
4 · PAB BANKSHARES INC · Filed Sep 11, 2009
Insider Transaction Report
Form 4
KURRIE THOMPSON JR
Director
Transactions
- Conversion
Common Stock
2009-09-09$3.00/sh+43,333$129,999→ 43,333 total(indirect: by PSP) - Purchase
Common Stock Warrants (right to buy)
2009-09-09+10,400→ 10,400 total(indirect: by PSP)Exercise: $3.75From: 2009-09-09Exp: 2016-09-09→ Common Stock (10,400 underlying) - Conversion
Series A Convertible Preferred Stock
2009-09-09−130→ 0 total(indirect: by PSP)Exercise: $3.00→ Common Stock (43,333 underlying) - Purchase
Series A Convertible Preferred Stock
2009-09-09$1000.00/sh+130$130,000→ 130 total(indirect: by PSP)Exercise: $3.00→ Common Stock (43,333 underlying)
Holdings
- 10,200
Non-qualified Stock Option (Right to Buy)
Exercise: $15.93From: 1999-10-18Exp: 2009-10-18→ Common Stock (10,200 underlying) - 1,315.113(indirect: ESPP)
Common Stock
- 2,797(indirect: By IRA)
Common Stock
- 50,000
Non-qualified Stock Option (Right to Buy)
Exercise: $3.00Exp: 2019-04-28→ Common Stock (50,000 underlying) - 2,040
Non-qualified Stock Option (Right to Buy)
Exercise: $13.05From: 2005-01-01Exp: 2010-01-01→ Common Stock (2,040 underlying)
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.