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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1175029	North State Bancorp	NSBC	State Commercial Banks (6022)	562183599

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1177033	Jr J Fred Smith	400 Riverwood Drive Raleigh NC 27520		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
Common Stock	Acquisiton	2010-02-22	1,000	$4.25	952,324	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	20,666	Indirect	Held by spouse
Common Stock	0	Indirect	Held by children
Common Stock	237,073	Indirect	Held by company

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option (Right to Buy)	$2.66	2001-06-01	2012-06-01	20,077	0	Direct
Common Stock	Stock Option (Right to Buy)	$2.66	2001-06-01	2011-06-01	37,443	0	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2012-06-01	20,077	0	Direct
2011-06-01	37,443	0	Direct

Footnotes

These stock options will vest one-fifth over a period of five years beginning on June 1, 2000, the date of grant, provided the Reporting Person attends at least 80% of combined board and assigned committee meetings each year. If attendance is not met, the options will vest based on the percentage of board and committee meetings attended.
Adjusted for 3 for 2 stock split 7/12/07
adjust for 2,251 shares held by company previously reported as held direct
adjust for 7 shares
adjust for 1 share
Children are adults, no longer live at home. Mr. Smith is no longer custodian.
correction - originally filed at 4436 s/b 4136