GIBBS LINLEY H JR 4
4 · FIRST SOUTH BANCORP INC /VA/ · Filed Jan 5, 2005
Insider Transaction Report
Form 4
GIBBS LINLEY H JR
Director
Transactions
- Other
Common Stock
2005-01-04$25.45/sh−4,780$121,651→ 33,212 total - Exercise of In-Money
Common Stock
2005-01-04$8.11/sh+15,000$121,665→ 48,212 total - Exercise of In-Money
Right to buy Options
2005-01-04$25.45/sh−15,000$381,750→ 24,262 totalExercise: $8.11From: 1998-04-08Exp: 2008-04-08→ Common Stock (15,000 underlying)
Holdings
- 22,148(indirect: By IRA)
Common Stock
- 34,500(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Exercised an in-the-money right to by option. Exercise price of $8.111. Market value of $25.45 on date exercised.
- [F2]Exchanged 4,780 shares at market price of $25.45 to pay for exercise price of 15,000 in-the-money options exercised at $8.111 per share.