Vestal Michael E 4
4 · SOUTHERN COMMUNITY BANCORP · Filed Sep 3, 2004
Insider Transaction Report
Form 4
Vestal Michael E
Director
Transactions
- Award
Stock Option
2004-02-03+2,500→ 2,500 totalExercise: $14.00From: 2005-02-03Exp: 2014-02-03→ common stock (2,500 underlying) - Award
Common Stock
2004-03-01$10.50/sh+428$4,494→ 6,428 total - Award
Common Stock
2004-03-31$14.00/sh+107$1,498→ 6,535 total - Award
Stock Option
2003-04-01+5,000→ 5,000 totalExercise: $14.00From: 2004-04-01Exp: 2013-04-01→ common stock (5,000 underlying)
Footnotes (5)
- [F1]These options vest ratably over a period of three years, commencing on February 1, 2004.
- [F2]These options were granted to the reporting person, without payment therefor, as compensation for serving as a director of the issuer.
- [F3]The reporting person elected to receive, in lieu of a cash payment for attending during 2003 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.
- [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.
- [F5]These options vest ratably over a period of three years, commencing on February 3, 2005.