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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
706874	Palmetto Bancshares Inc	PLMT	State Commercial Banks (6022)	742235055

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1313319	L Samuel Erwin	306 East North Street Greenville SC 29601	Ceo & President	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $0.01 Par Value	Acquisiton	2012-11-02	500	$8.15	67,905	No	5	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	5	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, $0.01 Par Value	250	Indirect	Custodian for children

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock, $0.01 Par Value	Stock Options	$10.40		2021-05-19	192,308	192,308	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2021-05-19	192,308	192,308	Direct

Footnotes

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.
50,578 shares represent restricted stock grants for which vesting conditions have only been met for 1,500 shares. Mr. Erwin 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.
1/3 shares vest on 5/19/2014, 05/19/2015 and 5/19/2016 contingent on vesting conditions being met