4 1 sherron.txt 4 1 NASD 0001185263 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) SHERRON, JR. HAYNES F. 303 Overbrook 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) [ ] Director [ ] 10% Owner [X] Officer (give title below) [X] Other (specify below) 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 24,164.0000 D Direct Common Stock 01/24/03 R 88.4740 A $15.9935 9,521.8570 I by Partnership Common Stock 01/24/03 R 2.4279 A $15.9935 261.2788 I by Self IRA Trust Common Stock 3,020.0000 I by Son II Trust Common Stock 3,020.0000 I by Son Trust Common Stock 01/24/03 R 0.9191 A $15.9935 98.9190 I by Spouse Cust So n 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) 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 7,812.0000 7,812.0000 D Direct to buy) Incentive Stock Option (right Common Stock 7,812.0000 7,812.0000 D Direct to buy) Incentive Stock Option (right Common Stock 7,812.0000 7,812.0000 D Direct to buy) Incentive Stock Option (right Common Stock 6,250.0000 6,250.0000 D Direct to buy) Incentive Stock Option (right Common Stock 5,000.0000 5,000.0000 D Direct to buy) Incentive Stock Option (right Common Stock 5,000.0000 5,000.0000 D Direct to buy) Incentive Stock Option (right Common Stock 6,250.0000 6,250.0000 D Direct to buy) Incentive Stock Option (right Common Stock 5,000.0000 5,000.0000 D Direct to buy) Incentive Stock Option (right Common Stock 5,000.0000 5,000.0000 D Direct to buy) Incentive Stock Option (right Common Stock 5,000.0000 5,000.0000 D Direct to buy) Explanation of Responses:
SIGNATURE OF REPORTING PERSON /S/ By: Monty J. Oliver For: H. Franklin Sherron, Jr. DATE 01/28/03