Earnest Ronald K 4/A
4/A · GRANDSOUTH BANCORPORATION · Filed Aug 24, 2005
Insider Transaction Report
Form 4/AAmended
GRANDSOUTH BANCORPORATIONOTCBB:GRRB
Earnest Ronald K
DirectorPresident and COO
Transactions
- Conversion
Convertible Debenture
2005-08-19−9,765→ 0 totalExercise: $0.00From: 2005-08-19Exp: 2011-01-02→ Common Stock (9,765 underlying) - Award
Options (rights to buy)
2005-08-19+34,179→ 153,169 totalExercise: $10.05From: 2006-08-19Exp: 2015-08-19→ Common Stock (34,179 underlying) - Conversion
Common Stock
2005-08-19+9,765→ 65,667 total
Footnotes (2)
- [F1]The Convertible Debentures had a contract maturity date of January 1, 2006, but the Issuer made an offer (which was accpted) to the holders to convert early.
- [F2]These options are exercisable at 20% per year over 5 years and expire in 10 years.