SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Zimmerman David J

(Last)

(First)

(Middle)

1057 PROVIDENCE ROAD

(Street)

CHARLOTTE

28207

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
TSB Financial CORP [ TSBC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/30/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/30/2007	11/30/2007	J		915	D	⁽¹⁾	0	D
Common Stock	11/30/2007	11/30/2007	J		4,414	D	⁽¹⁾	0	I	Spouse and Children

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options	$11.4951	11/30/2007	11/30/2007	J			2,196	11/30/2007	11/30/2007	Common Stock	2,196	$23.5049	0	D
Stock Options	$15.7093	11/30/2007	11/30/2007	J			1,464	11/30/2007	11/30/2007	Common Stock	1,464	$19.2907	0	D
Stock Options	$12.2942	11/30/2007	11/30/2007	J			1,464	11/30/2007	11/30/2007	Common Stock	1,464	$22.7058	0	D
Stock Options	$13.5237	11/30/2007	11/30/2007	J			1,331	11/30/2007	11/30/2007	Common Stock	1,331	$21.4763	0	D
Stock Options	$15.0263	11/30/2007	11/30/2007	J			665	11/30/2007	11/30/2007	Common Stock	665	$19.9737	0	D
Stock Options	$18.1405	11/30/2007	11/30/2007	J			605	11/30/2007	11/30/2007	Common Stock	605	$16.8595	0	D
Stock Options	$17.562	11/30/2007	11/30/2007	J			$302	11/30/2007	11/30/2007	Common Stock	302	$17.438	0	D

Explanation of Responses:

1. The Reporting person's shares of common stock were disposed of by virtue of the merger of TSB Financial Corporation into SCBT Financial Corporation. The allocation of merger consideration to be received by the reporting person has not been determined as of this date. In connection with such merger, all options to purchase shares of common stock of TSB Financial Corporation were cancelled in return for payment of each share purchasable thereunder at $35.00 less the per share strike price.

	Jan H. Hollar, Attorney-in-fact	12/03/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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