4 1 lowe.txt 4 1 NASD 0001185260 Officer LSB BANCSHARES, INC. 0000714530 56-1348147 01/28/03 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) LOWE, ROBERT F. 110 Sequoia Dr. Lexington, NC 27292 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 1/28/03 5. If Amendment, Date of Original (Month/Day/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [ ] 10% Owner [X] Officer (give title below) [X] Other (specify below) CEO 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 41,100.0000 D Direct Common Stock 01/24/03 R 54.0654 A $15.9935 5,818.6914 I Deferred Trust Common Stock 12,500.0000 I by Daughter Trust Common Stock 01/24/03 R 10.7181 A $15.9935 1,153.5249 I by Mother-in-Law Common Stock 01/24/03 R 75.9790 A $15.9935 8,177.0977 I by Self IRA Trust Common Stock 10,023.0000 I by Son Trust Common Stock 8,650.0000 I by Spouse 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 ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right $9.7280 05/11/03 to buy) Incentive Stock Option (right $11.5200 05/04/05 to buy) Incentive Stock Option (right $12.8000 05/10/04 to buy) Incentive Stock Option (right $13.0000 05/24/06 to buy) Incentive Stock Option (right $13.5500 05/21/11 to buy) Incentive Stock Option (right $15.0630 05/09/10 to buy) Incentive Stock Option (right $15.2000 05/21/07 to buy) Incentive Stock Option (right $17.2400 05/30/12 to buy) Incentive Stock Option (right $20.0000 05/11/09 to buy) Incentive Stock Option (right $20.7500 06/09/08 to buy) Non-Qualified Stock Option $9.7280 05/11/03 (right to buy) Non-Qualified Stock Option $11.5200 05/04/05 (right to buy) Non-Qualified Stock Option $12.8000 05/10/04 (right to buy) Non-Qualified Stock Option $13.0000 05/24/06 (right to buy) Non-Qualified Stock Option $13.5500 05/21/11 (right to buy) Non-Qualified Stock Option $15.0630 05/09/10 (right to buy) Non-Qualified Stock Option $15.2000 05/21/07 (right to buy) Non-Qualified Stock Option $17.2400 05/30/12 (right to buy) Non-Qualified Stock Option $20.0000 05/11/09 (right to buy) Non-Qualified Stock Option $20.7500 06/09/08 (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 ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right Common Stock 19,213.0000 19,213.0000 D Direct to buy) Incentive Stock Option (right Common Stock 5,937.0000 5,937.0000 D Direct to buy) Incentive Stock Option (right Common Stock 3,906.0000 3,906.0000 D Direct to buy) Incentive Stock Option (right Common Stock 3,750.0000 3,750.0000 D Direct to buy) Incentive Stock Option (right Common Stock 6,000.0000 6,000.0000 D Direct to buy) Incentive Stock Option (right Common Stock 5,228.0000 5,228.0000 D Direct to buy) Incentive Stock Option (right Common Stock 11,920.0000 11,920.0000 D Direct to buy) Incentive Stock Option (right Common Stock 6,160.0000 6,160.0000 D Direct to buy) Incentive Stock Option (right Common Stock 5,562.0000 5,562.0000 D Direct to buy) Incentive Stock Option (right Common Stock 9,234.0000 9,234.0000 D Direct to buy) Non-Qualified Stock Option Common Stock 316.0000 316.0000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 13,593.0000 13,593.0000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 15,625.0000 15,625.0000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 8,750.0000 8,750.0000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 4,000.0000 4,000.0000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 4,772.0000 4,772.0000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 580.0000 580.0000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 3,840.0000 3,840.0000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 4,438.0000 4,438.0000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 766.0000 766.0000 D Direct (right to buy) Explanation of Responses:
SIGNATURE OF REPORTING PERSON /S/ By: Monty J. Oliver For: Robert F. Lowe DATE 01/28/03