Home/Filings/4/0001140361-11-017913
4//SEC Filing

NATIONAL SECURITY GROUP INC 4

Accession 0001140361-11-017913

CIK 0000865058operating

Filed

Mar 20, 8:00 PM ET

Accepted

Mar 21, 5:25 PM ET

Size

8.2 KB

Accession

0001140361-11-017913

Insider Transaction Report

Form 4
Period: 2011-02-28
Transactions
  • Other

    Phantom Stock Units

    2011-03-17$12.25/sh137$1,678137 total
    Exercise: $12.25Phantom Stock Units (12.25 underlying)
  • Other

    Phantom Stock Units

    2011-02-28$12.25/sh+4$49274 total
    Exercise: $12.25Phantom Stock Units (4 underlying)
Footnotes (3)
  • [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. These shares were acquired during the fiscal year pursuant to the dividend reinvestment component of the nonqualified deferred compensation plan which was frozen 12/31/2004.
  • [F2]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 disposed of and distributed in cash.
  • [F3]Upon separation from service from the Board, phantom stock units will be settled in cash at the then current market price of common stock.

Documents

1 file

Issuer

NATIONAL SECURITY GROUP INC

CIK 0000865058

Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0000865058

Filing Metadata

Form type
4
Filed
Mar 20, 8:00 PM ET
Accepted
Mar 21, 5:25 PM ET
Size
8.2 KB