CORN MERTON 4
4 · VSB BANCORP INC · Filed Aug 29, 2006
Insider Transaction Report
Form 4
VSB BANCORP INCVSBN
CORN MERTON
DirectorPresident & CEO
Transactions
- Other
Common Stock
2006-08-17$14.51/sh−64$929→ 1,389.06 total(indirect: Shares allocated in the VSB Bancorp, Inc. Employee Stock Ownership Plan)
Footnotes (2)
- [F1]Represents the 2006 required minimum distribution from those shares which were previously credited to Mr. Corn's sub account in the VSB Bancorp, Inc. Employee Stock Ownership Plan. Mr. Corn elected to take this required minimum distribution in cash and the Employee Stock Ownership Plan paid him cash on August 23, 2006, thus terminating his indirect interest in the related 64 shares.
- [F2]All share amounts have been adjusted for the 5-for-4 stock split, in the form of a 25% stock dividend, payable on May 18, 2006.