4//SEC Filing
PAB BANKSHARES INC 4
Accession 0001127602-10-000445
CIK 0000705200operating
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 3:11 PM ET
Size
17.5 KB
Accession
0001127602-10-000445
Insider Transaction Report
Form 4
KURRIE THOMPSON JR
Director
Transactions
- Award
Non-qualified Stock Option (Right to Buy)
2010-01-04+2,000→ 2,000 totalExercise: $2.12From: 2011-01-04Exp: 2020-01-04→ Common Stock (2,000 underlying)
Holdings
- 10,400(indirect: by PSP)
Common Stock Warrants (right to buy)
Exercise: $3.75From: 2009-09-09Exp: 2016-09-09→ Common Stock (10,400 underlying) - 50,000
Non-qualified Stock Option (Right to Buy)
Exercise: $3.00Exp: 2019-04-28→ Common Stock (50,000 underlying) - 10,200
Non-qualified Stock Option (Right to Buy)
Exercise: $15.93From: 1999-10-18Exp: 2009-10-18→ Common Stock (10,200 underlying) - 43,333(indirect: by PSP)
Common Stock
- 822.075(indirect: ESPP)
Common Stock
- 2,040
Non-qualified Stock Option (Right to Buy)
Exercise: $13.05From: 2005-01-01Exp: 2010-01-01→ Common Stock (2,040 underlying) - 2,797(indirect: By IRA)
Common Stock
Footnotes (4)
- [F1]Stock Option (right to buy) granted pursuant to PAB Bankshares, Inc. 1999 Stock Option Plan. It is the inent 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 exception alternatives of Rule 16b-3, as amended August 15, 1996.
- [F2]The option becomes available in five equal installments, commencing one year after the date of grant.
- [F3]Shares are purchased with 50% company match funds.
- [F4]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.
Documents
Issuer
PAB BANKSHARES INC
CIK 0000705200
Entity typeoperating
IncorporatedGA
Related Parties
1- filerCIK 0000705200
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 3:11 PM ET
- Size
- 17.5 KB