Home > Insider Trading > Filing (0001140361-11-013513)

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	President And Ceo	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	Disposition	2011-03-01	300	$4.75	16,700	No	4	S	Direct
Common Stock	Disposition	2011-03-01	425	$4.65	16,275	No	4	S	Direct

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	7,672	Indirect	By his 401(k) Plan
Common Stock	7,931	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)	$4.76		2019-03-16	211	211	Direct
Common Stock	Stock Option (Right to Buy)	$7.62		2018-06-16	21,000	21,000	Direct
Common Stock	Stock Option (Right to Buy)	$14.32	2003-11-03	2013-11-03	21,000	21,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2019-03-16	211	211	Direct
2018-06-16	21,000	21,000	Direct
2013-11-03	21,000	21,000	Direct

Footnotes

Reflects adjustment for stock split distributed on November 15, 2010.
Includes a total of 29,925 Restricted Stock Awards, composed of the remaining 12,600 unvested shares from 15,750 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 3,675 Recognition and Retention Plan awards that will cliff vest on January 22, 2012, five years after the date of the award; and includes 10,500 Recognition and Retention Plan shares awarded on November 3, 2003, that vested over a seven-year period and fully vested on November 3, 2010. Accordingly, 13,650 shares have vested and 16,275 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 the award, 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 the award, or on June 16, 2009, and continuing each anniversary thereafter through June 16, 2013.
This incentive stock option has vested. Accordingly, 29,442 incentive stock options have vested and 12,769 incentive stock options have not vested.