SEC Form 4 · accession 0001436678-15-000001
PALMETTO BANCSHARES INC · PLMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jane S Sosebee
Director
Period of report
Jan 1, 2015
Accepted (ET)
Jan 5, 2015 · 4:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000706874
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par valueF1 | Jan 1, 2015 | A | 598 | $0.00 | A | 7,573 | D | |
| Common Stock, $0.01 par value | holding | — | — | — | 2,000 | I | Husband |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1768 shares represent restricted stock grants for which vesting conditions have not yet been met. Ms. Sosebee has the right to receive dividends, if any, with respect to these shares, to vote such shares and to enjoy all other shareholder rights, except that the Company retains custody of the stock certificate and the recipient may not sell, transfer, pledge or otherwise dispose of the restricted stock until the forfeiture restrictions have expired.