Matthews Eugene Robinson II 4

4 · CITIZENS SOUTH BANKING CORP · Filed Dec 13, 2010

Form 4

Period: 2010-12-13

Director

Transactions

Holdings

Common Stock
(indirect: By LLC)
5,250
Common Stock
(indirect: Custodian for son)
8,896
Common Stock
(indirect: By IRA)
14,763
Common Stock
(indirect: By Spouse)
6,117
Common Stock
(indirect: By Spouse)
1,117
Stock Option (Right to Buy)
Exercise: $7.62Exp: 2018-06-16→ Common Stock (2,940 underlying)
2,940
Stock Option (Right to Buy)
Exercise: $14.32From: 2003-11-03Exp: 2013-11-03→ Common Stock (23,803 underlying)
23,803
Common Stock
(indirect: By IRA)
141
Common Stock
(indirect: Custodian for daughter)
3,511

Footnotes (6)

[F1]Reflects adjustment for stock split distributed on November 15, 2010.
[F2]Held by a Limited Liability Company of which the reporting person has one-third ownership.
[F3]Includes 12,925 Restricted Stock Awards, composed of 11,035 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.
[F4]Includes 1,890 Restricted Stock Awards that vest over a five-year period 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. Accordingly, 11,413 shares from these Awards have vested and 1,512 shares have not vested.
[F5]This non-statutory stock option vests in five equal annual installments, with the first installment becoming exercisable on the first anniversary of the date of grant, or June 16, 2009, and succeeding installments on each anniversary thereafter through June 16, 2013.
[F6]This non-statutory stock option has vested. Accordingly, 24,979 non-statutory stock options have vested and 1,764 non-statutory stock options have not vested.

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