Filing Details
- Accession Number:
- 0001140361-11-032089
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-06-09 13:10:34
- Reporting Period:
- 2011-06-07
- Filing Date:
- 2011-06-09
- Accepted Time:
- 2011-06-09 12:10:34
- SEC Url:
- Form 4 Filing
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 |
---|---|---|---|---|---|---|---|
1249994 | Stuart Kim Price | 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 | Acquisiton | 2011-06-07 | 500 | $4.05 | 13,653 | No | 4 | P | Indirect | By his IRA |
Common Stock | Acquisiton | 2011-06-07 | 300 | $4.18 | 13,953 | No | 4 | P | Indirect | By his IRA |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Indirect | By his IRA |
No | 4 | P | Indirect | By his IRA |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock | 134,998 | Direct | |
Common Stock | 11,758 | Indirect | By his 401(k) Plan |
Common Stock | 23,744 | Indirect | By his ESOP |
Common Stock | 1,249 | Indirect | Wife as custodian for their son |
Common Stock | 1,348 | Indirect | By wife's IRA |
Common Stock | 2,787 | Indirect | Wife joint with her mother |
Common Stock | 3,133 | Indirect | Wife as Co-Trustee of a Family Trust |
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 | 36,750 | 36,750 | Direct | |
Common Stock | Stock Option (Right to Buy) | $14.32 | 2003-11-03 | 2013-11-03 | 105,000 | 105,000 | Direct |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
2018-06-16 | 36,750 | 36,750 | Direct |
2013-11-03 | 105,000 | 105,000 | Direct |
Footnotes
- Reflects adjustment for stock split distributed on November 15, 2010.
- Includes 108,872 Restricted Stock Awards, composed of 6,825 Restricted Stock Awards granted on February 18, 2011, and 2,362 Restricted Stock Awards granted on February 19, 2010, and 15,265 Restricted Stock Awards granted on April 15, 2009, that will cliff vest on the first business day following the period that the Issuer repays the outstanding financial obligation to the United States Department of Treasury arising from the TARP Capital Purchase Program, or, if earlier, will cliff vest or become partially vested up to the maximum amount permissible on the first business day following the earliest date permitted under guidance that may be issued by the United States Department of Treasury or other government agency.
- Includes 67,095 Restricted Stock Awards granted on April 19, 1999, and November 3, 2003, that have fully vested, and includes 17,325 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 each of June 16, 2009, June 16, 2010, and June 16, 2011, and 35% on each of June 16, 2012, and June 16, 2013. Accordingly, 70,560 shares from these Awards have vested and 38,312 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 June 16, 2009, and continuing each anniversary thereafter through June 16, 2013.
- This incentive stock option has vested. Accordingly, 119,700 incentive stock options have vested and 22,050 incentive stock options have not vested.