4/A//SEC Filing
GRANDSOUTH BANCORPORATION 4/A
Accession 0001336539-05-000001
CIK 0001126961operating
Filed
Aug 23, 8:00 PM ET
Accepted
Aug 24, 10:24 AM ET
Size
9.6 KB
Accession
0001336539-05-000001
Insider Transaction Report
Form 4/AAmended
GRANDSOUTH BANCORPORATIONOTCBB:GRRB
Earnest Ronald K
DirectorPresident and COO
Transactions
- Conversion
Convertible Debentures
2005-08-19−9,765→ 0 totalExercise: $0.00From: 2005-08-19Exp: 2006-01-01→ Common Stock (9,765 underlying) - Award
Options (rights to buy)
2005-08-19+34,179→ 34,179 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 accepted) to the holders to convert early.
- [F2]These options are exercisable at 20% per year over 5 years and expire in 10 years.
Documents
Issuer
GRANDSOUTH BANCORPORATION
CIK 0001126961
Entity typeoperating
IncorporatedSC
Related Parties
1- filerCIK 0001126961
Filing Metadata
- Form type
- 4/A
- Filed
- Aug 23, 8:00 PM ET
- Accepted
- Aug 24, 10:24 AM ET
- Size
- 9.6 KB