4/A//SEC Filing
Earnest Ronald K 4/A
Accession 0001336539-05-000007
CIK 0001126961other
Filed
Aug 24, 8:00 PM ET
Accepted
Aug 25, 1:52 PM ET
Size
11.3 KB
Accession
0001336539-05-000007
Insider Transaction Report
Form 4/AAmended
GRANDSOUTH BANCORPORATIONOTCBB:GRRB
Earnest Ronald K
DirectorPresident and COO
Transactions
- Conversion
Common Stock
2005-08-19$5.12/sh+9,765$49,997→ 65,667 total - 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
Convertible Debentures
2005-08-19−9,765→ 0 totalExercise: $5.12From: 2005-08-19Exp: 2011-01-02→ Common Stock (9,765 underlying)
Footnotes (3)
- [F1]The conversion price represents the contract price of $6.50 as adjusted for stock dividends.
- [F2]The first redemption date on the Convertible Debentures is January 1, 2006, as stated in the contract, but the Issuer made an offer (which was accepted) to the holders of the debentures to convert early.
- [F3]These options are exercisable at 20% per year over 5 years and expire in 10 years.
Issuer
GRANDSOUTH BANCORPORATION
CIK 0001126961
Entity typeother
Related Parties
1- filerCIK 0001336539
Filing Metadata
- Form type
- 4/A
- Filed
- Aug 24, 8:00 PM ET
- Accepted
- Aug 25, 1:52 PM ET
- Size
- 11.3 KB