MURDOCK MICHEY L 5
5 · NATIONAL SECURITY GROUP INC · Filed Feb 14, 2011
Insider Transaction Report
Form 5
MURDOCK MICHEY L
Officer
Transactions
- Other
Phantom Stcok Units
2011-02-14$12.25/sh+531$6,505→ 14,178 totalExercise: $12.25→ Phantom Stock Units (531 underlying)
Footnotes (2)
- [F1]The phantom stock units were awarded under the nonqualified deferred compensation plan in which directors could elect to defer their directors' fees by receiving phantom stock units payable in cash upon separation from service from the board. The plan was frozen on 12/31/2004. These shares were acquired during the fiscal year pursuant to the dividend reinvestment component of the nonqualified deferred compensation plan which was frozen on 12/31/2004.
- [F2]Upon separation from service from the Board, phantom stock units will be settled in cash at the then current market price of common stock.