4//SEC Filing
SCHWIERS JAMES B 4
Accession 0001184122-22-000002
CIK 0001126961other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 10:42 AM ET
Size
9.9 KB
Accession
0001184122-22-000002
Insider Transaction Report
Form 4
SCHWIERS JAMES B
DirectorPresident & COO
Transactions
- Exercise/Conversion
Common Stock
2022-02-14$14.00/sh+24,161$338,254→ 90,340 total - Exercise/Conversion
Employee Stock Option (right to buy)
2022-02-14−24,161→ 34,183 totalExercise: $14.00From: 2021-06-22Exp: 2026-06-22→ Common Stock (24,161 underlying)
Holdings
- 50,000
Employee Stock Option (right to buy)
Exercise: $16.55From: 2024-06-21Exp: 2029-06-21→ Common Stock (50,000 underlying) - 3,153
Preferred Stock - Series A
→ Common Stock (3,153 underlying)
Footnotes (3)
- [F1]Granted pursuant to the 2009 Stock Option Plan. The shares subject to this option vested and became exercisable as follows: 20% on each June 21, 2017, 2018, 2019, 2020, and 2021
- [F2]Granted pursuant to the 2019 Stock Option Plan. The shares subject to this option vested and became exercisable, or will vest, subject to conditions, and become exercisable as follows: 20% on each June 21, 2020, 2021, 2022, 2023, and 2024.
- [F3]The Series A Preferred Stock is convertible upon a Change of Control (as defined in the Articles of Amendment designating the Series A Preferred) into a number of shares of the issuers common stock on a one-for-one basis and has no expiration date.
Documents
Issuer
GRANDSOUTH BANCORPORATION
CIK 0001126961
Entity typeother
Related Parties
1- filerCIK 0001184122
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 10:42 AM ET
- Size
- 9.9 KB