FGBC Bancshares, Inc. 4
4 · FGBC Bancshares, Inc. · Filed Sep 21, 2009
Insider Transaction Report
Form 4
Akins Gregory S
EVP & COO
Transactions
- Purchase
Common Stock
2009-09-17+2,858→ 56,191 total - Purchase
Common Stock Warrants (Rights to Buy)
2009-09-17+714→ 714 totalExercise: $3.50From: 2009-09-17Exp: 2014-09-17→ Common Stock (714 underlying)
Holdings
- 26,667
Options to Purchase Common Stock
Exercise: $15.00Exp: 2017-10-01→ Common Stock (26,667 underlying) - 33,333
Options to Purchase Common Stock
Exercise: $7.50Exp: 2015-06-23→ Common Stock (33,333 underlying)
Footnotes (3)
- [F1]The reported securities consist of the purchase of 2,858 shares of common stock in connection with the private placement by FGBC Bancshares, Inc. at a price per share of $3.50. For each four shares of common stock purchased in the offering, a subscriber receives a warrant to purchase one additional share of common stock at an exercise price of $3.50.
- [F2]Consists of a grant of stock options. These options vest in equal annual installments over a four year period beginning on the first anniversary of the grant date and on each anniversary thereafter.
- [F3]Consists of stock options to acquire 33,333 shares of common stock at $7.50 per share. These options vested in three equal annual installments beginning on June 24, 2006 and on each anniversary thereafter. Therefore, the options are fully vested as of the date of this report.