PAB BANKSHARES INC 4

Accession 0001127602-09-018724

CIK 0000705200operating

Filed

Sep 10, 8:00 PM ET

Accepted

Sep 11, 6:29 PM ET

Size

30.2 KB

Accession

0001127602-09-018724

Form 4

Period: 2009-09-09

Executive Vice President/CFO

Transactions

Conversion
Common Stock
2009-09-09$3.00/sh+333$999→ 1,199.034 total
Conversion
Common Stock
2009-09-09$3.00/sh+3,000$9,000→ 4,199.034 total
Conversion
Series B Convertible Preferred Stock
2009-09-09−9→ 0 total
Exercise: $3.00→ Common Stock (3,000 underlying)
Purchase
Series B Convertible Preferred Stock
2009-09-09$1000.00/sh+9$9,000→ 9 total
Exercise: $3.00→ Common Stock (3,000 underlying)
Purchase
Series A Convertible Preferred Stock
2009-09-09$1000.00/sh+1$1,000→ 1 total
Exercise: $3.00→ Common Stock (333 underlying)
Purchase
Common Stock Warrants (right to buy)
2009-09-09+800→ 800 total
Exercise: $3.75From: 2009-09-09Exp: 2016-09-09→ Common Stock (800 underlying)
Conversion
Series A Convertible Preferred Stock
2009-09-09−1→ 0 total
Exercise: $3.00→ Common Stock (333 underlying)

Holdings

Common Stock
(indirect: Espp)
1,781.463
Common Stock
(indirect: By IRA)
2,123
Incentive Stock Option (Right to Buy)
Exercise: $10.39Exp: 2011-09-26→ Common Stock (10,548 underlying)
10,548
Common Stock
(indirect: By Children)
1,021
Incentive Stock Option (Right to Buy)
Exercise: $13.46Exp: 2017-12-18→ Common Stock (7,650 underlying)
7,650
Common Stock
(indirect: By Children)
541
Incentive Stock Option (Right to Buy)
Exercise: $20.93Exp: 2016-12-19→ Common Stock (6,120 underlying)
6,120
Incentive Stock Option (Right to Buy)
Exercise: $7.55Exp: 2012-08-02→ Common Stock (5,304 underlying)
5,304
Incentive Stock Option (Right to Buy)
Exercise: $13.85Exp: 2015-03-29→ Common Stock (7,140 underlying)
7,140
Incentive Stock Option (Right to Buy)
Exercise: $9.19Exp: 2011-01-01→ Common Stock (1,530 underlying)
1,530
Incentive Stock Option (Right to Buy)
Exercise: $14.13Exp: 2015-03-29→ Common Stock (7,000 underlying)
7,000

Footnotes (5)

[F1]The series A and series B convertible preferred stock is immediately convertible at any time at a conversion price of $3.00 and has no expiration date. All of the shares were converted to common stock on 9/9/09.
[F2]These securities were purchased for Mr. Torbert's minor children's education savings accounts.
[F3]Shares purchased with 50% company match funds.
[F4]Stock Option (right to buy) granted pursuant to PAB Bankshares, Inc. 1999 Stock Option Plan. It is the intent of the company that any option award granted under the plan satisfy and be interpreted in a manner that satisfies the applicable requirements of Rule 16b-3, so that any person subject to Section 16 of the Securities Act of 1933 will be entitled to the benefits of Rule 16b-3 or other exemptive rules under Section 16 of the Act and will be subjected to liability thereunder. Options and awards granted under this plan to persons subject to Section 16, are approved by the full board of Directors of PAB Bankshares, Inc., in compliance with the exemption aternatives of Rule 16b-3, as amended August 15, 1996.
[F5]The option becomes available in five equal installments, commencing one year after the date of grant.

Documents

1 file

PAB BANKSHARES INC

CIK 0000705200

Entity typeoperating

IncorporatedGA