HOLSCHER FREDERICK N 4
4 · FIRST SOUTH BANCORP INC /VA/ · Filed Jan 30, 2007
Insider Transaction Report
Form 4
HOLSCHER FREDERICK N
Director
Transactions
- Exercise of In-Money
Right to Buy Options - Non-ISO
2007-01-29−92,643→ 0 totalExercise: $5.41From: 1998-04-08Exp: 2008-04-08→ Common Stock (92,643 underlying) - Tax Payment
Common Stock
2007-01-29$30.55/sh−16,397$500,928→ 22,257 total - Exercise/Conversion
Common Stock
2007-01-29$5.41/sh+92,643$500,921→ 114,900 total
Holdings
- 6,832(indirect: By Spouse)
Common Stock
- 30,525(indirect: By IRA)
Common Stock
Footnotes (3)
- [F1]Exercised 92,643 in-the-money right to by non-qualified (Non-ISO) options.
- [F2]Paid the exercise price by tendering 16,397 shares of Issuers common stock at market price of $30.55 per share incident to the exercise of the right to buy options at $5.407 per share.
- [F3]Tendered shares are exempt from Section 16(b) pursuant to resolution adopted by Board of Directors of Issuer.