SOUTHERN COMMUNITY BANCORP 4

4 · SOUTHERN COMMUNITY BANCORP · Filed Sep 3, 2004

Form 4

Period: 2004-02-04

Director

Transactions

Award
Common Stock
[F1]
2004-03-01$10.50/sh+333$3,497→ 109,552 total
Exercise/Conversion
Common Stock
2004-08-09$8.00/sh+5,000$40,000→ 114,552 total
Exercise/Conversion
Common Stock
2004-08-09$8.25/sh+10,000$82,500→ 124,552 total
Exercise/Conversion
Common Stock
2004-08-09$8.80/sh+1,250$11,000→ 125,802 total
Award
Common Stock
[F5]
2004-03-01$14.00/sh+71$994→ 125,873 total
Award
Stock Option
[F3][F2]
2004-02-04+2,500→ 2,500 total
Exercise: $14.00From: 2005-02-04Exp: 2014-02-04→ common stock (2,500 underlying)
Exercise/Conversion
Stock Option
[F3]
2004-08-09+3,750→ 0 total
Exercise: $8.00From: 2000-04-01Exp: 2009-04-01→ common stock (3,750 underlying)
Exercise/Conversion
Stock Option
[F3]
2004-08-09+1,250→ 0 total
Exercise: $8.00From: 2001-02-01Exp: 2010-02-01→ common stock (1,250 underlying)
Exercise/Conversion
Stock Option
[F3][F4]
2004-08-09+10,000→ 0 total
Exercise: $8.25From: 2002-05-01Exp: 2011-05-01→ common stock (10,000 underlying)
Exercise/Conversion
Stock Option
[F3]
2004-08-09+1,250→ 0 total
Exercise: $8.80From: 2002-02-01Exp: 2011-02-01→ common stock (1,250 underlying)

Footnotes (5)

[F1]The reporting person elected to receive, in lieu of a cash payment for attending during 2004 board of directors' meetings of certain subsidiaries of the issuer, these shares of common stock of the issuer. At the time of this election, the market value of the issuer's common stock was determined to be $10.50 per share.
[F2]These options vest ratably over a period of three years, commencing on February 4, 2005.
[F3]These options were granted to the reporting person, without payment therefor, as compensation for serving as a director of the issuer.
[F4]These options vest ratably over a period of three years, commencing on May 1, 2002.
[F5]The reporting person elected to receive, in lieu of a cash payment for attending during 2004 board of directors' meetings of certain subsidiaries of the issuer, these shares of common stock of the issuer. At the time of this election, the market value of the issuer's common stock was determined to be $14.00 per share.

Signature

P.T. Fleuchaus|2004-09-02

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