Sapp Michael R 4
4 · Tennessee Commerce Bancorp, Inc. · Filed Jan 4, 2011
Insider Transaction Report
Form 4
Sapp Michael R
DirectorCEO
Transactions
- Award
Phantom Stock
[F1]2010-12-31$4.88/sh+953$4,651→ 953 total→ Common Stock (953 underlying)
Footnotes (1)
- [F1]Each share of phantom stock is the economic equivalent of one share of common stock. The shares of common stock become payable, in cash or common stock, at the election of the reporting person, on July 1, 2011.
Signature
Frank Perez, Attorney-in-Fact|2011-01-03