METZ JOHN C 4

4 · SUPERIOR BANCORP · Filed Jul 24, 2009

Form 4

Period: 2009-07-23

Director

Transactions

Award
stock option (right to buy)
2009-07-23+2,500→ 2,500 total
Exercise: $2.82Exp: 2019-07-23→ common stock (2,500 underlying)
Award
common stock
2009-07-24$2.21/sh+45,248$99,998→ 130,247 total

Holdings

common stock
(indirect: By Spouse)
1,447
stock option (right to buy)
Exercise: $33.92Exp: 2017-07-27→ common stock (1,250 underlying)
1,250
common stock
(indirect: By IRA)
15,055
stock option (right to buy)
Exercise: $10.14Exp: 2018-07-23→ common stock (1,250 underlying)
1,250

Footnotes (3)

[F1]Stock options vest on the earlier of July 23, 2014 or (a) 50% on the date on which the 10-day average trading price of Superior Bancorp common stock is at least $13.25 per share and (b) 50% on the date on which the 10-day average trading price of Superior Bancorp common stock is at least $16.25 per share.
[F2]Stock options vest on the earlier of July 23, 2013 or (a) 50% on the date on which the 10-day average trading price of Superior Bancorp common stock is at least $13.25 per share and (b) 50% on the date on which the 10-day average trading price of Superior Bancorp common stock is at least $16.25 per share.
[F3]Stock options vest on the earlier of July 27, 2012 or (a) 50% on the date on which the 10-day average trading price of Superior Bancorp common stock is at least $48.00 per share and (b) 50% on the date on which the 10-day average trading price of Superior Bancorp common stock is at least $56.00 per share.

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