PAB BANKSHARES INC 4

4 · PAB BANKSHARES INC · Filed Jun 23, 2010

Insider Transaction Report

Form 4

Period: 2010-03-12

PAB BANKSHARES INCPABK

LANIER JAMES B JR

Director

Transactions

Small Acquisition
Common Stock
2010-03-12$1.48/sh+338.582$501→ 3,121.521 total(indirect: Espp)
Small Acquisition
Common Stock
2010-04-27$2.95/sh+84.884$250→ 3,206.405 total(indirect: Espp)
Small Acquisition
Common Stock
2010-05-18$1.94/sh+128.99$250→ 3,335.394 total(indirect: Espp)
Small Acquisition
Common Stock
2010-06-11$1.12/sh+224.464$251→ 3,559.858 total(indirect: Espp)

Holdings

Non-qualified Stock Option (Right to Buy)
Exercise: $9.81Exp: 2010-08-23→ Common Stock (2,040 underlying)
2,040
Non-qualified Stock Option (Right to Buy)
Exercise: $15.24Exp: 2010-08-23→ Common Stock (2,040 underlying)
2,040
Non-qualified Stock Option (Right to Buy)
Exercise: $9.19Exp: 2010-08-23→ Common Stock (2,040 underlying)
2,040
Non-qualified Stock Option (Right to Buy)
Exercise: $7.94Exp: 2010-08-23→ Common Stock (2,040 underlying)
2,040
Non-qualified Stock Option (Right to Buy)
Exercise: $12.14Exp: 2010-08-23→ Common Stock (2,040 underlying)
2,040
Common Stock
(indirect: by SEP)
16,666
Common Stock Warrants (right to buy)
(indirect: by SEP)
Exercise: $3.75From: 2009-09-09Exp: 2016-09-09→ Common Stock (4,000 underlying)
4,000
Non-qualified Stock Option (Right to Buy)
Exercise: $20.90Exp: 2010-08-23→ Common Stock (2,040 underlying)
2,040
Non-qualified Stock Option (Right to Buy)
Exercise: $2.12From: 2011-01-04Exp: 2010-08-23→ Common Stock (2,000 underlying)
2,000
Non-qualified Stock Option (Right to Buy)
Exercise: $12.85Exp: 2010-08-23→ Common Stock (2,040 underlying)
2,040
Non-qualified Stock Option (Right to Buy)
Exercise: $18.14Exp: 2010-08-23→ Common Stock (2,040 underlying)
2,040
Non-qualified Stock Option (Right to Buy)
Exercise: $4.90Exp: 2010-08-23→ Common Stock (2,000 underlying)
2,000

Footnotes (7)

[F1]Shares purchased with 50% company match funds.
[F2]Shares are purchased with 50% company match funds.
[F3]Expiration Date was accelerated to 08/23/2010 due to Mr. Lanier's decision not to stand for re-election at the end of his term.
[F4]The option becomes available in five equal installments, commencing one year after the date of grant.
[F5]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.
[F6]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.
[F7]The option becomes available in five equal installments, commencing one year after the date of grant.

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