Home > Insider Trading > Filing (0001140361-10-032791)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1051871	Citizens South Banking Corp	CSBC	Savings Institution, Federally Chartered (6035)	542069979

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1250003	Iv Marcus Daniel Boyd	519 South New Hope Road Gastonia NC 28054	Evp And Coo Of Subsidiary Bank	No	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	Disposition	2010-08-10	920	$5.50	16,500	No	4	S	Direct

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	7,281	Indirect	By his 401(k)
Common Stock	7,553	Indirect	By his ESOP

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option (Right to Buy)	$5.00		2019-03-16	201	201	Direct
Common Stock	Stock Option (Right to Buy)	$8.00		2018-06-16	20,000	20,000	Direct
Common Stock	Stock Option (Right to Buy)	$15.04	2003-11-03	2013-11-03	20,000	20,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2019-03-16	201	201	Direct
2018-06-16	20,000	20,000	Direct
2013-11-03	20,000	20,000	Direct

Footnotes

Includes the remaining 12,000 unvested shares from 15,000 Restricted Stock Awards that will vest over a five-year period, commencing on June 16, 2008, the date of the award, at the rate of 10% on June 16, 2009, 10% on June 16, 2010, 10% on June 16, 2011, 35% on June 16, 2012, and 35% on June 16, 2013; and includes 3,500 Recognition and Retention Plan awards tht will cliff vest on January 22, 2012, five years after the date of the award; and includes the remaining 1,000 unvested shares from 10,000 Recognition and Retention Plan shares awarded on November 3, 2003, that vest over a seven-year period, commencing on November 3, 2003, at the rate of 30% on November 3, 2003, 10% on January 2, 2004, 10% on November 3, 2005, and 10% per year on November 3 of year year thereafter. Accordingly, 12,000 shares have vested and 16,500 shares have not vested.
This incentive stock option vests in five equal annual installments, with the first installment vesting one year from the date of grant, or on March 16, 2010, and continuing each anniversary thereafter through march 16, 2014.
This incentive stock option vests in five equal annual installments, with the first installment vesting one year from the date of grant, or on June 16, 2009, and continuing each anniversary thereafter through June 16, 2013.
This incentive option has vested. Accordingly, 28,040 options have vested and 12,161 options have not vested.