SOUTHERN COMMUNITY BANCORP 4
4 · SOUTHERN COMMUNITY BANCORP · Filed Sep 3, 2004
Insider Transaction Report
Form 4
BEDLEY DENNIS G
Director
Transactions
- Award
Common Stock
2003-04-24$14.00/sh+2,278$31,892→ 41,897 total - Award
Common Stock
2004-03-31$14.00/sh+107$1,498→ 44,263 total - Award
Stock Option
2004-01-01+1,000→ 1,000 totalExercise: $14.00From: 2005-01-01Exp: 2014-01-01→ common stock (1,000 underlying)
Footnotes (4)
- [F1]Includes 330 shares acquired in June 2004 under the issuer's stock purchase plan and 1,929 shares acquired in September 2004 under the issuer's 401(k) plan.
- [F2]These options vest ratably over a period of five years, commencing on January 1, 2005.
- [F3]These options were granted to the reporting person, without payment therefor, as compensation for serving as a director of the issuer.
- [F4]The reporting person elected to receive these shares in lieu of a cash payment for attending meetings of the issuer's board of directors during the first calendar quarter of 2004. At the time of this election, the market value of the issuer's common stock was determined to be $14.00 per share.