CapitalSouth Bancorp 4
4 · CapitalSouth Bancorp · Filed Dec 4, 2007
Insider Transaction Report
Form 4
Bowen James C.
Director
Transactions
- Purchase
Common Stock
2007-11-30$9.80/sh+98,947$969,681→ 209,600 total
Footnotes (1)
- [F1]On November 30, 2007, the reporting person converted $969,680.60 of the $6.5 million note issued to the reporting person in connection with the merger of Monticello Bancshares, Inc. into CapitalSouth Bancorp on September 14, 2007 (the "Merger"), at a conversion price of $9.80 per share, resulting in his acquisition of 98,947 shares of common stock. The conversion price was equal to the average of the high and low trading prices of the common stock on November 29, 2007, the trading day immediately preceding the conversion date.