-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CvsV1KQL3h9+qw1s2qODJjf1Go8leLr7y7+kuTK76jSmWAqXXY828FQ7n/dIPy4S y79ZRG9i3DFXWQcmFEJhfg== 0001140361-10-029260.txt : 20100713 0001140361-10-029260.hdr.sgml : 20100713 20100713170824 ACCESSION NUMBER: 0001140361-10-029260 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100709 FILED AS OF DATE: 20100713 DATE AS OF CHANGE: 20100713 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PRICE KIM STUART CENTRAL INDEX KEY: 0001249994 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-23971 FILM NUMBER: 10950734 MAIL ADDRESS: STREET 1: 245 W MAIN AVE CITY: GASTONIA STATE: NC ZIP: 28053 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CITIZENS SOUTH BANKING CORP CENTRAL INDEX KEY: 0001051871 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 542069979 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 519 SOUTH NEW HOPE ROAD CITY: GASTONIA STATE: NC ZIP: 28054-4040 BUSINESS PHONE: 7048685200 MAIL ADDRESS: STREET 1: 519 SOUTH NEW HOPE ROAD CITY: GASTONIA STATE: NC ZIP: 28054-4040 FORMER COMPANY: FORMER CONFORMED NAME: GASTON FEDERAL BANCORP INC DATE OF NAME CHANGE: 19971222 4 1 doc1.xml FORM 4 X0303 4 2010-07-09 0 0001051871 CITIZENS SOUTH BANKING CORP CSBC 0001249994 PRICE KIM STUART 519 SOUTH NEW HOPE ROAD GASTONIA NC 28054 1 1 0 0 President and CEO Common Stock 2010-07-09 4 F 0 536 5.60 D 125121 D Common Stock 11575 I By his IRA Common Stock 11061 I By his 401(k) Plan Common Stock 21716 I By his ESOP Common Stock 1190 I Wife as custodian for their son Common Stock 1284 I By wife's IRA Common Stock 2621 I Wife joint with mother Common Stock 3278 I Wife as a Co-Trustee of a Family Trust Stock Option (Right to Buy) 8.00 2018-06-16 Common Stock 35000 35000 D Stock Option (Right to Buy) 15.04 2003-11-03 2013-11-03 Common Stock 100000 100000 D Reflects shares withheld to pay tax obligations on vesting of restricted stock. Includes 75,788 Restricted Stock Awards, composed of 2,250 Restricted Stock Awards granted on February 19, 2010, and 14,538 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 16,500 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 June 16, 2009, 10% on June 16, 2010, 10% on June 16, 2011, 35% on June 16, 2012, and 35% on June 16, 2013; and includes 42,500 Recognition and Retention awards that vest over a seven-year period, commencing on November 3, 2003, at the rate of 30% on November 3, 2003, 10% on January 2, 2004, 10% on November 3, 2005, and 10% per year on November 3 of each year thereafter. Accordingly, 41,550 shares have vested and 34,238 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, 114,000 incentive stock options have vested and 21,000 incentive stock options have not vested. /s/ Kim Stuart Price 2010-07-12 -----END PRIVACY-ENHANCED MESSAGE-----