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Proc-Type: 2001,MIC-CLEAR
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
[ ] Check box if no longer subject
OMB Number: 3235-0287 to Section 16. Form 4 or Form
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP
Expires: January 31, 2005 5 obligations may
continue. See Instruction 1(b)
Estimated average burden hours per
response....................0.5
(Print or Type
Responses)
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person* Lindburg, Roy G |
2. Issuer Name and Ticker or Trading Symbol Security Federal Corporation |
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
Director 10% Owner |
||||||||
(Last) (First) (Middle)
PO Box 810 |
3. IRS Identification
Number of Reporting
Person, if an entity (voluntary) ###-##-#### |
4. Statement for Month/Day/Year 03/14/03 |
||||||||
(Street)
Aiken, SC 29802 |
5. If Amendment, Date of Original
(Month/Year)
N/A |
7. Individual or Joint/Group Reporting | ||||||||
(City) (State) (Zip) | Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | |||||||||
1. Title of Security (Instr. 3) | 2. Trans-action 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. Owner-ship Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common stock | 3/14/03 | J* | 12,469 | A | N/A | 37,407 | D | |||
Common stock | 3/14/03 | J* | 152 | A | N/A | 457 | I | By ESOP | ||
Reminder: Report on a separate line for each class
of securities beneficially owned directly or indirectly.
(Over)
*If the form is filed by more than one reporting person, see
Instruction 4(b)(v).
SEC 1474 (9-02)
Potential persons who are to respond to
the collection of information contained in this form are not required
to respond unless the form displays
a currently valid OMB control number.
<PAGE>
FORM 4 (continued) 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. Con-version or Exercise Price of Derivative Security | 3. Trans-action Date (Month/ Day/Year) | 3A. Deemed Execution Date (Month/ Day/Year) |
4. Trans-action 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 Underlying Securities (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of Deriva-tive Se-curities Benefici- ally Owned Following Reported Trans-action(s) (Instr. 4) | 10. Owner-ship Form of Deri-vative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4 ) | ||||
Code | V | (A) | (D) | Date Exer-cisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option Grant (Right to buy) |
16.75 | 3/14/03 | J** | 2,000 | ** | ** | Common stock | 6,000 | 6,000 | D | |||||
Stock Option
Grant (Right to buy) |
5.36 | 3/14/03 | J*** | 2,062 | *** | *** | Common stock | 6,186 | 6,186 | D | |||||
Explanation of Responses:
* Stock dividend (3:2 split). No additional shares
were purchased.
** These options were granted under the 1999
Stock Option Incentive Plan of the Registrant on 10/19/99, and will expire on
9/30/09. All options
are exercisable at a rate of 20% each year beginning in Oct. 2004. The number
of shares and exercise price shown reflect the 3:2 split on 3/14/03.
*** These options were granted under the 1987 Stock Option
Incentive Plan on 01/07/97 and will expire on 12-31-06. Options are
exercisable at a rate of 20% each year beginning Jan. 2002. The number of
shares and exercise price shown reflect the 3:2 split on 3/14/03.
/s/Ruth
Vance 3/31/03
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. ** Signature of Reporting Person Date
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 provided is insufficient, see Instruction 6 for procedure
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
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