PARKER CHARLES E JR 4
4 · FIRST SOUTH BANCORP INC /VA/ · Filed Jan 4, 2006
Insider Transaction Report
Form 4
PARKER CHARLES E JR
Director
Transactions
- Other
Common Stock
2006-01-03$35.00/sh−2,654$92,890→ 81,443 total - Exercise of In-Money
Common Stock
2006-01-03$8.11/sh+11,452$92,887→ 92,895 total - Exercise of In-Money
Right-to-buy Non-ISO Options
2006-01-03−11,452→ 22,904 totalExercise: $8.11From: 1998-04-08Exp: 2008-04-08→ Common Stock (11,452 underlying)
Holdings
- 3,903(indirect: By IRA)
Common Stock
- 150(indirect: By Spouse)
Common Stock
Footnotes (3)
- [F1]Exercised an in-the-money right-to-buy Non-ISO stock options. Exercise price of $8.111. Market price per share of $35.00 on date and time of exercise.
- [F2]Tendered 2,654 shares of issuer's common stock at market price of $35.00 per share to pay for the exercise price of 11,452 in-the-money right-to-buy non-incentive stock options exercised at $8.111 per share.
- [F3]Tendered shares are exempt from Section 16(b) pursuant to resolution adopted by board of directors of issuer.