Sapp Michael R 4
4 · Tennessee Commerce Bancorp, Inc. · Filed Nov 17, 2010
Insider Transaction Report
Form 4
Sapp Michael R
DirectorPresident
Transactions
- Award
Phantom Stock
2010-11-15$3.90/sh+2,872$11,201→ 2,782 total→ Common Stock (2,782 underlying)
Footnotes (1)
- [F1]Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, on July 1, 2011.