4 1 walter303.txt 4 1 NASD 0001185269 Director LSB BANCSHARES, INC. 0000714530 56-1348147 03/27/03 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. 1. Name and Address of Reporting Person(s) WALTER, JR. LLOYD G. 4985 Shady Maple Lane Winston-Salem, NC 27106 2. Issuer Name and Ticker or Trading Symbol LSB BANCSHARES, INC. (LXBK) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Statement for Month/Day/Year 3/27/03 5. If Amendment, Date of Original (Month/Day/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [ ] 10% Owner [ ] Officer (give title below) [X] Other (specify below) DIRECTOR 7. 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 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code V Amount D Price End of Month I ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6,353.0000 D Direct Common Stock 03/27/03 P 544.5714 A $15.7900 3,326.7337 I Deferred Trust Common Stock 1,388.0000 I by Self IRA Trust Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code V A D Exercisable Expiration ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Stock Option $14.2500 04/18/06 (right to buy) Non-Qualified Stock Option $14.5630 04/19/05 (right to buy) Non-Qualified Stock Option $16.5700 04/17/07 (right to buy) Non-Qualified Stock Option $20.0000 04/21/04 (right to buy) Non-Qualified Stock Option $22.5000 04/15/03 (right to buy) Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I - Title Shares End of Month ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Stock Option Common Stock 625.0000 625.0000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 625.0000 625.0000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 625.0000 625.0000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 625.0000 625.0000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 625.0000 625.0000 D Direct (right to buy) Explanation of Responses:
SIGNATURE OF REPORTING PERSON /S/ WALTER, JR. LLOYD G. DATE 03/28/03