4//SEC Filing
BOYD DANIEL MARCUS IV 4
Accession 0001140361-10-049269
CIK 0001051871other
Filed
Dec 12, 7:00 PM ET
Accepted
Dec 13, 2:27 PM ET
Size
12.6 KB
Accession
0001140361-10-049269
Insider Transaction Report
Form 4
BOYD DANIEL MARCUS IV
Exec. VP and COO of Subsidiary
Transactions
- Tax Payment
Common Stock
2010-12-13$4.69/sh−325$1,524→ 17,000 total
Holdings
- 211
Stock Option (Right to Buy)
Exercise: $4.76Exp: 2019-03-16→ Common Stock (211 underlying) - 21,000
Stock Option (Right to Buy)
Exercise: $14.32From: 2003-11-03Exp: 2013-11-03→ Common Stock (21,000 underlying) - 7,672(indirect: By 401(k))
Common Stock
- 7,931(indirect: By his ESOP)
Common Stock
- 21,000
Stock Option (Right to Buy)
Exercise: $7.62Exp: 2018-06-16→ Common Stock (21,000 underlying)
Footnotes (7)
- [F1]Reflects adjustment for stock split distributed on November 15, 2010.
- [F2]Reflects shares withheld to pay tax obligations on vesting of restricted stock.
- [F3]Includes 29,925 Restricted Stock Awards, composed of the remaining 12,600 unvested shares from 15,750 Restricted Stock Awards that will vest over a five-year period, commencing on June 16, 2008, the date of the award, at the rate of 10% on June 16, 2009, 10% on June 16, 2010, 10% on June 16, 2011, 35% on June 16, 2012, and 35% on June 16, 2013; and includes 3,675 Recognition and Retention Plan awards that will cliff vest on January 22, 2012, five years after the date of the award.
- [F4]Includes 10,500 Recognition and Retention Plan shares awarded on November 3, 2003, that vested over a seven-year period, commencing on November 3, 2003, at the rate of 30% on November 3, 2003, 10% on January 2, 2004, 10% on November 3, 2005, and 10% per year on November 3 of each year thereafter and have fully vested on November 3, 2010. Accordingly, 13,650 shares have vested and 16,275 shares have not vested.
- [F5]This incentive stock option vests in five equal annual installments, with the first installment vesting one year from the date of grant, or on March 16, 2010, and continuing each anniversary thereafter through March 16, 2014.
- [F6]This incentive stock option vests in five equal annual installments, with the first installment vesting one year from the date of grant, or on June 16, 2009, and continuing each anniversary thereafter through June 16, 2013.
- [F7]This incentive stock option has vested. Accordingly, 29,442 incentive stock options have vested and 12,769 incentive stock options have not vested.
Documents
Issuer
CITIZENS SOUTH BANKING CORP
CIK 0001051871
Entity typeother
Related Parties
1- filerCIK 0001250003
Filing Metadata
- Form type
- 4
- Filed
- Dec 12, 7:00 PM ET
- Accepted
- Dec 13, 2:27 PM ET
- Size
- 12.6 KB