Home > Insider Trading > Filing (0001140361-10-050479)

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
1249993	Ii Robinson Eugene Matthews	519 South New Hope Road Gastonia NC 28054	Vice Chairman Of The Board	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	Acquisiton	2010-12-17	1,000	$4.10	15,763	No	4	P	Indirect	By his IRAs

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By his IRAs

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	30,766	Direct
Common Stock	5,250	Indirect	By LLC
Common Stock	6,117	Indirect	By wife's IRAs
Common Stock	1,117	Indirect	By wife
Common Stock	8,896	Indirect	Cust for son
Common Stock	141	Indirect	By son's Roth IRA (Custodian)
Common Stock	3,511	Indirect	Cust for daughter

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option (Right to Buy)	$7.62		2018-06-16	2,940	2,940	Direct
Common Stock	Stock Option (right to buy)	$14.32	2003-11-03	2013-11-03	23,803	23,803	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2018-06-16	2,940	2,940	Direct
2013-11-03	23,803	23,803	Direct

Footnotes

Reflects adjustment for stock split distributed on November 15, 2010.
Held by a Limited Liability Company of which the reporting person has one-third ownership.
Includes 12,925 Restricted Stock Awards, composed of 11,035 Recognition and Retention Plan shares awarded on November 3, 2003, that vested 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 each year thereafter and have fully vested on November 3, 2010; and includes 1,890 Restricted Stock Awards that vest over a five year period 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. Accordingly, 11,413 shares from these Awards have vested and 1,512 shares have not vested.
This non-statutory stock option vests in five equal annual installments, with the first installment becoming exercisable on the first anniversary of the date of grant, or June 16, 2009, and succeeding installments on each anniversary thereafter through June 16, 2013.
This non-statutory stock option has vested. Accordingly, 24,979 non-statutory stock options have vested and 1,764 non-statutory stock options have not vested.