PAB BANKSHARES INC 4
4 · PAB BANKSHARES INC · Filed Aug 8, 2005
Insider Transaction Report
Form 4
Mansfield John E Jr
Director
Transactions
- Other
Common Stock
2005-08-04−87,400→ 0 total
Holdings
- 2,000
Non-Qualified Stock Option (right to buy)
Exercise: $14.05Exp: 2015-01-25→ Common Stock (2,000 underlying) - 3,240(indirect: by SEP)
Common Stock
Footnotes (3)
- [F1]This transaction represents a transfer from direct ownership to indirect ownership through a family partnership.
- [F2]Stock Option (right to buy) granted pursuant to PAB Bankshares, Inc. 1999 Stock Option Plan. It is the intent of the company that any option award granted under the plan satisfy and be interpreted in a manner that satisfies the applicable requirements of Rule 16b-3, so that any person subject to Section 16 of the Securities Act of 1933 will be entitled to the benefits of Rule 16b-3 or other exemptive rules under Section 16 of the Act and will be subjected to liability thereunder. Options and awards granted under this plan to persons subject to Section 16, are approved by the full board of Directors of PAB Bankshares, Inc., in compliance with the exemption aternatives of Rule 16b-3, as amended August 15, 1996.
- [F3]The option becomes available in five equal installments, commencing one year after the date of grant.