0001140361-11-017917.txt : 20110321
0001140361-11-017917.hdr.sgml : 20110321
20110321173052
ACCESSION NUMBER: 0001140361-11-017917
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110228
FILED AS OF DATE: 20110321
DATE AS OF CHANGE: 20110321
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BAIRD WINFIELD
CENTRAL INDEX KEY: 0001239478
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-18649
FILM NUMBER: 11702133
MAIL ADDRESS:
STREET 1: 661 EAST DAVIS
CITY: ELBA
STATE: AL
ZIP: 36323
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NATIONAL SECURITY GROUP INC
CENTRAL INDEX KEY: 0000865058
STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311]
IRS NUMBER: 631020300
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 661 E DAVIS ST
CITY: ELBA
STATE: AL
ZIP: 36323
BUSINESS PHONE: 2058972273
4
1
doc1.xml
FORM 4
X0303
4
2011-02-28
0
0000865058
NATIONAL SECURITY GROUP INC
NSEC
0001239478
BAIRD WINFIELD
3536 VICTORIA ROAD
BIRMINGHAM
AL
35223
1
0
0
0
Phantom Stock Units
12.25
2011-02-28
5
J
0
171.00
12.25
A
Phantom Stock Units
171.00
14174.00
D
Phantom Stock Units
12.25
2011-02-28
4
J
0
7087.00
12.25
D
Phantom Stock Units
7087.00
7087.00
D
The phantom stock units were awarded under the nonqualified deferred compensation plan in which directors could elect to defer their directors' fees by receiving phantom stock units payable in cash upon separation from service from the board. These shares were acquired during the fiscal year pursuant to the dividend reinvestment component of the nonqualified deferred compensation plan which was frozen 12/31/2004.
The phantom stock units were awarded under the nonqualified deferred compensation plan in which directors could elect to defer their directors' fees by receiving phantom stock units payable in cash upon separation from service from the board. The plan was frozen on 12/31/2004. These shares were disposed of and distributed in cash.
Upon separation from service from the Board, phantom stock units will be settled in cash at the then current market price of common stock.
Pertains to phantom stock plan in which election to defer fees is not a reportable event under Section 16, however acquisitions of phantom stock pursuant to the election are reportable. These deferrals are exempt transactions for purposes of Section 16b-3(d). On March 17, 2011 1/2 of each participants shares were distributed in cash.
Brian R. McLeod, Attorney-in-fact
2011-03-21