Morgan Brett 4
4 · FGBC Bancshares, Inc. · Filed Jul 15, 2009
Insider Transaction Report
Form 4
Morgan Brett
EVP/Chief Lending Officer
Transactions
- Purchase
Common Stock
2009-07-15+10,000→ 17,391 total - Purchase
Common Stock Warrants (Rights to Buy)
2009-07-15+2,500→ 2,500 totalExercise: $3.50From: 2009-07-15Exp: 2014-07-15→ Common Stock (2,500 underlying)
Holdings
- 10,000
Options to Acquire Common Stock
Exercise: $15.00→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]The reported securities consist of 10,000 shares of common stock purchased in connection with a private placement by FGBC Bancshares, Inc. at a per share price 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]These options vest in equal installments on the first, second and third anniversary of the grant date, which was April 1, 2009. They expire on March 31, 2018.