PALMETTO BANCSHARES INC 4
4 · PALMETTO BANCSHARES INC · Filed May 3, 2012
Insider Transaction Report
Form 4
Dixon Lee S
DirectorCOO, CRO
Transactions
- Purchase
Common Stock, $0.01 par value
[F1][F2]2012-05-01$5.97/sh+1,000$5,970→ 49,583 total
Holdings
- 100(indirect: By Children)
Common Stock, $0.01 par value
[F1] - 120,193
Stock Options
[F3][F1]Exercise: $10.40Exp: 2021-05-19→ Common Stock, $0.01 par value (120,193 underlying)
Footnotes (3)
- [F1]On June 28, 2011, Palmetto Bancshares, Inc. completed a one-for-four reverse stock split of its common stock. This ownership total has been adjusted for the reverse split.
- [F2]31,173 shares represent restricted stock grants for which vesting conditions have not yet been met. Mr. Dixon has the right to receive dividends, if any, with respect to these shares, to vote such shares and to enjoy all other shareholder rights, except that the Company retains custody of the stock certificate and the recipient may not sell, transfer, pledge or otherwise dispose of the restricted stock until the forfeiture restrictions have expired.
- [F3]1/3 shares vest on 5/19/2014, 05/19/2015 and 5/19/2016 contingent on vesting conditions being met
Signature
Lauren S Greer, with POA, Director Accounting and Finance, The Palmetto Bank, a wholly owned subsidiary of Palmetto Bancshares, Inc.|2012-05-03