GIBBS LINLEY H JR 4
4 · FIRST SOUTH BANCORP INC /VA/ · Filed Sep 22, 2004
Insider Transaction Report
Form 4
GIBBS LINLEY H JR
Director
Transactions
- Exercise of In-Money
Right to buy Options
2004-09-22−0→ 39,262 totalExercise: $8.11From: 1998-04-08Exp: 2008-04-08→ Common Stock (15,000 underlying) - Exercise of In-Money
Common Stock
2004-09-22$8.11/sh+15,000$121,665→ 36,667 total - Sale
Common Stock
2004-09-22$24.63/sh−4,941$121,672→ 21,667 total
Holdings
- 34,500(indirect: By Trust)
Common Stock
- 23,473(indirect: By IRA)
Common Stock
Footnotes (3)
- [F1]Exercised an in-the-money right to buy option. Exercise price of $8.111. Market value of $24.625 on date exercised.
- [F2]Exchanged 4,941 shares at market price of $24.625 to pay for exercise price of 15,000 in-the-money options exercised $8.111 per share.
- [F3]Exercised an in-the-money right to buy option.