4/A//SEC Filing
Garrett Harold E 4/A
Accession 0001336628-05-000001
CIK 0001126961other
Filed
Aug 24, 8:00 PM ET
Accepted
Aug 25, 10:43 AM ET
Size
22.8 KB
Accession
0001336628-05-000001
Insider Transaction Report
Form 4/AAmended
GRANDSOUTH BANCORPORATIONOTCBB:GRRB
Garrett Harold E
Director
Transactions
- Conversion
Common Stock
2005-08-19$5.12/sh+58,593$299,996→ 115,333 total - Award
Options (rights to buy)
2005-08-19+5,000→ 5,000 totalExercise: $10.05From: 2006-08-19Exp: 2015-08-19→ Common Stock (5,000 underlying) - Conversion
Common Stock
2005-08-19$5.12/sh+3,906$19,999→ 3,906 total(indirect: See note) - Purchase
Common Stock
2005-06-09$9.50/sh+2,021$19,200→ 2,021 total(indirect: See note) - Conversion
Convertible Debentures
2005-08-19−58,593→ 0 totalExercise: $5.12From: 2005-08-19Exp: 2011-01-02→ Common Stock (58,593 underlying) - Conversion
Convertible Debentures
2005-08-19−3,906→ 0 total(indirect: See note)Exercise: $5.12From: 2005-08-19Exp: 2011-01-02→ Common Stock (3,906 underlying)
Footnotes (6)
- [F1]Shares (debentures) held by Mr. Garrett's spouse. Mr. Garrett disclaims beneficial ownership of these shares.
- [F2]Held in Mr. Garrett's name as Custodian FBO Charles Galloway Garrett.
- [F3]Shares held in Mr. Garrett's name as Custodian FBO Brooke Garrett.
- [F4]The first conversion 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.
- [F5]These options are exercisable at 20% per year over 5 years and expire in 10 years.
- [F6]The conversion price represents the contract price of $6.50 as adjusted for stock dividends.
Issuer
GRANDSOUTH BANCORPORATION
CIK 0001126961
Entity typeother
Related Parties
1- filerCIK 0001336628
Filing Metadata
- Form type
- 4/A
- Filed
- Aug 24, 8:00 PM ET
- Accepted
- Aug 25, 10:43 AM ET
- Size
- 22.8 KB