FIRST SOUTH BANCORP INC /VA/ 4
4 · FIRST SOUTH BANCORP INC /VA/ · Filed Dec 3, 2007
Insider Transaction Report
Form 4
PARKER CHARLES E JR
Director
Transactions
- Exercise/Conversion
Common Stock
2007-11-30$5.41/sh+8,589$46,441→ 146,203 total - Exercise/Conversion
Right-to-buy Non-ISO Options
2007-11-30−8,589→ 8,589 totalExercise: $5.41From: 1998-04-08Exp: 2008-04-08→ Common Stock (8,589 underlying) - Tax Payment
Common Stock
2007-11-30$24.66/sh−1,884$46,450→ 137,614 total
Holdings
- 225(indirect: By Spouse)
Common Stock
- 5,854(indirect: By IRA)
Common Stock
Footnotes (3)
- [F1]Exercised an in-the-money right-to-buy Non-ISO stock options. Exercise price of $5.407. Market price per share of $24.655 based on average of high and low market trading prices on date of exercise.
- [F2]Tendered 1,884 shares of issuer's common stock at market price of $24.655 per share to pay for the exercise price of 8,589 in-the-money right-to-buy non-incentive stock options exercised at $5.407 per share
- [F3]Tendered shares are exempt from Section 16(b) pursuant to resolution adopted by board of directors of issuer.