Home > Insider Trading > Filing (0001140361-11-015817)

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
1250008	Stephen John Huffstetler	519 South New Hope Road Gastonia NC 28054	Senior Vp 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	2011-03-08	1,018	$4.90	15,432	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	3,142	Indirect	By his IRA
Common Stock	16,479	Indirect	By his 401(k) Plan
Common Stock	11,849	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	5,250	5,250	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	5,250	5,250	Direct
2013-11-03	21,000	21,000	Direct

Footnotes

Reflects adjustment for stock split distributed on November 15, 2010.
Includes a total of 15,750 Restricted Stock Awards, composed of 5,250 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 10,500 Recognition and Retention Plan shares awarded on November 3, 2003, that fully vested on November 3, 2010. Accordingly, 11,550 shares have vested and 4,200 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 stock option was awarded on November 3, 2003, and has vested. Accordingly, 23,142 incentive stock options have vested and 3,319 incentive stock options have not vested.