RICKETSON MICHAEL E 4
4 · PAB BANKSHARES INC · Filed Sep 22, 2004
Insider Transaction Report
Form 4
RICKETSON MICHAEL E
Director
Transactions
- Exercise/Conversion
Common Stock
2004-09-21$7.70/sh+18,400$141,680→ 18,400 total - Exercise/Conversion
Incentive Stock Option (right to buy)
2004-09-21$7.70/sh−18,400$141,680→ 0 totalExercise: $7.70From: 2003-08-02Exp: 2010-01-01→ Common Stock (18,400 underlying) - Small Acquisition
Common Stock
2004-08-06$11.98/sh+5.031$60→ 866.185 total(indirect: ESPP)
Holdings
- 14,591(indirect: Direct Joint)
Common Stock
- 7,000
Incentive Stock Option (right to buy)
Exercise: $9.38From: 2002-01-01Exp: 2010-01-01→ Common Stock (7,000 underlying) - 19,600(indirect: By IRA)
Common Stock
- 2,000
Incentive Stock Option (right to buy)
Exercise: $13.94From: 2001-01-28Exp: 2010-01-01→ Common Stock (2,000 underlying) - 20,455
Incentive Stock Option (right to buy)
Exercise: $10.60From: 2002-09-26Exp: 2010-01-01→ Common Stock (20,455 underlying)
Footnotes (4)
- [F1]Shares purchased with 50% company match funds.
- [F2]Stock Option (right to buy) granted pursuant to PAB Bankshares, Inc. 1999 Stock Option Plan. It is the intent of the company that any option award granted under the plan satisfy and be interpreted in a manner that satisfies the applicable requirements of Rule 16b-3, so that any person subject to Section 16 of the Securities Act of 1933 will be entitled to the benefits of Rule 16b-3 or other exemptive rules under Section 16 of the Act and will be subjected to liability thereunder. Options and awards granted under this plan to persons subject to Section 16, are approved by the full board of Directors of PAB Bankshares, Inc., in compliance with the exemption aternatives of Rule 16b-3, as amended August 15, 1996.
- [F3]The option becomes available in five equal installments, commencing one year after the date of grant.
- [F4]Employee stock option (right to buy) granted pursuant to PAB Bankshares, Inc. 1994 Employee Stock Option Plan. It is the intent of the Company that any option or award granted under the plan satisfy and be interpreted in a manner that satisfies the applicable requirements of Rule 16b-3, so that any person subject to Section 16 of the Securities Act of 1933 will be entitled to the benefits of Rule 16b-3 or other exemptive rules under Section 16 of the Act and will not be subjected to liability thereunder. Options and awards granted under this plan, prior to August 15, 1996, to persons subject to Section 16, were granted in compliance with the exemption requirements of Rule 16b-3, as it existed in effect from May 1, 1991 until August 15, 1996, to persons subject to Section 16, are approved by the full board of Directors of PAB Bankshares, Inc., in compliance with the exemption alternatives of Rule 16b-3, as amended August 15, 1996.