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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1071264	Jacksonville Bancorp Inc	JAXB	State Commercial Banks (6022)	593472981

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1503574	P John Sullivan	1185 Avenue Of The Americas Suite 2000 New York NY 10036		Yes	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Series B Preferred Stock	Acquisiton	2012-09-27	5,000	$1,000.00	5,000	No	4	P	Indirect	Held by CapGen Capital Group IV LP
Series B Preferred Stock	Disposition	2012-12-31	5,000	$0.00	0	No	4	S	Indirect	Held by CapGen Capital Group IV LP
Series A Mandatorily Convertible Preferred Stock	Acquisiton	2012-12-31	5,000	$5,000,000.00	5,000	No	4	P	Indirect	Held by CapGen Capital Group IV LP
Series A Mandatorily Convertible Preferred Stock	Acquisiton	2012-12-31	22,530	$22,530,000.00	22,530	No	4	P	Indirect	Held by CapGen Capital Group IV LP
Series A Mandatorily Convertible Preferred Stock	Acquisiton	2012-12-31	200	$200,000.00	200	No	4	P	Indirect	Held by John Sullivan 2012 Credit Shelter Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Held by CapGen Capital Group IV LP
No	4	S	Indirect	Held by CapGen Capital Group IV LP
No	4	P	Indirect	Held by CapGen Capital Group IV LP
No	4	P	Indirect	Held by CapGen Capital Group IV LP
No	4	P	Indirect	Held by John Sullivan 2012 Credit Shelter Trust

Footnotes

CapGen Capital Group IV LP ("CapGen LP") acquired the shares of Noncumulative, Nonvoting Perpetual Preferred Stock, Series B (the "Series B Preferred Stock") of Jacksonville Bancorp, Inc. (the "Issuer") reported in this row on September 27, 2012. CapGen Capital Group IV LLC ("CapGen LLC") is the sole general partner of CapGen LP.
The shares reported in this row were (in the case of disposition) or are (in the case of acquisition) owned directly by CapGen LP. As a principal member and member of the investment committee of CapGen LLC, the sole general partner of CapGen LP, Mr. Sullivan may be deemed to be the indirect beneficial owner of such shares under Rule 16a-1(c)(2) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Mr. Sullivan disclaims that he is the beneficial owner of such shares, except to the extent of his pecuniary interest.
Upon receipt of regulatory approval, the Series B Preferred Stock became exchangeable, on a one-for-one basis, into shares of Series A Mandatorily Convertible Preferred Stock ("Series A Preferred Stock"). On December 31, 2012, the 5,000 shares of Series B Preferred Stock were exchanged into 5,000 shares of Series A Preferred Stock.
Upon receipt of requisite shareholder approvals, each share of Series A Preferred Stock will convert into 2,000 shares of common stock and/or nonvoting common stock (subject to adjustments), as more fully described in the Series A Preferred Stock Designation.