SOUTHERN COMMUNITY BANCORP 4

4 · SOUTHERN COMMUNITY BANCORP · Filed Sep 3, 2004

Form 4

Period: 2003-07-03

Director

Transactions

Exercise/Conversion
Common Stock
2004-07-27$8.00/sh+5,000$40,000→ 132,426 total
Award
Common Stock
2004-03-01$14.00/sh+107$1,498→ 143,783 total
Exercise/Conversion
Common Stock
2004-07-27$8.80/sh+1,250$11,000→ 143,676 total
Award
Stock Option
2004-02-04+2,500→ 2,500 total
Exercise: $14.00From: 2005-02-04Exp: 2014-02-04→ common stock (2,500 underlying)
Exercise/Conversion
Common Stock
2004-07-27$8.25/sh+10,000$82,500→ 142,426 total
Award
Stock Option
2004-07-27+1,250→ 0 total
Exercise: $8.00From: 2001-02-01Exp: 2010-02-01→ common stock (1,250 underlying)
Award
Common Stock
2003-07-03$14.00/sh+3,500$49,000→ 127,426 total
Award
Stock Option
2004-07-27+3,750→ 0 total
Exercise: $8.00From: 2000-04-01Exp: 2009-04-01→ common stock (3,750 underlying)
Award
Stock Option
2004-07-27+10,000→ 0 total
Exercise: $8.25From: 2002-05-01Exp: 2011-05-01→ common stock (10,000 underlying)

Footnotes (4)

[F1]These options vest ratably over a period of three years, commencing on February 4, 2005.
[F2]These options were granted to the reporting person, without payment therefor, as compensation for serving as a director of the issuer.
[F3]These options vest ratably over a period of three years, commencing on May 1, 2002.
[F4]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.

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