Unassociated Document


UNITED STATES		OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549		OMB Number: 3235-0101 Expires: December 31, 2006 Estimated average burden hours per response . . .. 2.0
FORM 144
NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933		SEC USE ONLY
		DOCUMENT SEQUENCE NO.
ATTENTION: Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker.		CUSIP NUMBER

1 (a) NAME OF ISSUER (please type or print)

First South Bancorp, Inc. (Nasdaq: FSBK)

(b) IRS IDENT. NO

56-1999749

0-22219

WORK LOCATION

1 (d) ADDRESS OF ISSUER STREET

1311 Carolina Avenue

CITY

Washington

STATE

ZIP CODE

27889

(e) TELEPHONE NO.

AREA CODE

252

NUMBER

946-4178

2 (a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES

ARE TO BE SOLD

Frederick H. Howdy

(b) IRS IDENT.NO.

###-##-####

ISSUER

Director

(d) ADDRESS STREET CITY STATE ZIP CODE

1103 Brown Street

Washington, NC 27889

INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.

3 (a) Title of the Class of Securities To be Sold	(b) Name and Address of Each Broker Through Whom the Securities are to be Offered or Each Market Maker Who is Acquiring the Securities	SEC USE ONLY Broker-Dealer File Number	(c) Number of Shares Or Other Units To be Sold (See instr. 3(c))	(d) Aggregate Market Value (See instr. 3(d))	(e) Number of Shares Or Other Units Outstanding (See instr. 3( e))	(f) Approximate Date of Sale (See instr. 3(f)) (MO. DAY YR.)	(g) Name of Each Securities Exchange (See instr. 3 (g))
Common	Edward Jones Investments 211B Commerce Street Greenville, NC 27858		20,000	$280,000	9,738,096	10/30/08 to 1/30/09	NASDAQ

INSTRUCTIONS:
1.	(a) Name of issuer	3.	(a) Title of the class of securities to be sold
	(b) Issuer’s I.R.S. Identification Number		(b) Name and address of each broker through whom the securities are intended to be sold
	(c) Issuer’s S.E.C. file number, if any		(c) Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
	(d) Issuer’s address, including zip code		(d) Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice
	(e) Issuer’s telephone number, including area code		(e) Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent report or statement published by the issuer
			(f) Approximate date on which the securities are to be sold
			(g) Name of each securities exchange, if any, on which the securities are intended to be sold
2.	(a) Name of person for whose account the securities are to be sold
	(b) Such person’s I.R.S. identification number, such person is an entity
	(c) Such person’s relationship to the issuer (e.g., officer, director, 10%Stockholder, or member of immediate family of any of the foregoing)		Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
	(d) Such person’s address, including zip code

TABLE I - SECURITIES TO BE SOLD

Furnish the following information with respect to the acquisition of the securities to be sold

and with respect to the payment of all or any part of the purchase price or other consideration therefor:

Title of the Class	Date You Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired (If gift, also give date donor acquired)	Amount of Securities Acquired	Date of Payment	Nature of Payment
Common	4/7/97	Frederick H. Howdy, IRA	First South Bancorp, Inc. - Initial Public Offering	190,500 (Split Adjusted)	4/7/97	Funds in IRA Account

INSTRUCTIONS: If the securities were purchased and full payment therefor was not made in cash at

the time of purchase, explain in the table or in a note thereto the nature of the

consideration given. If the consideration consisted of any note or other obligation,

or if payment was made in installments describe the arrangement and state when

the note or other obligation was discharged in full or the last installment paid.

TABLE II - SECURITIES SOLD DURING THE PAST 3 MONTHS

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Frederick H. Howdy 1103 Brown Street Washington, NC 27889	Common Stock	10/24/08 to 10/28/08	4,500 shares	$63,000.00

REMARKS:

INSTRUCTIONS:		ATTENTION:
See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.		The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed.

October 30, 2008		/s/ Frederick H. Howdy
DATE OF NOTICE		(SIGNATURE)

The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed.

Any copies not manually signed shall bear typed or printed signatures.

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)