SEC Form 4 · accession 0000745981-15-000026
MIDSOUTH BANCORP INC · MSL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Troy M Cloutier
Officer — SEVP & Chief Banking Officer
Period of report
May 19, 2015
Accepted (ET)
May 20, 2015 · 10:39 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000745981
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 19, 2015 | M | 1,500 | $12.97 | A | 28,020 | D | |
| Common Stock | May 19, 2015 | M | 0 | $0.00 | A | 7,537 | I | ESOP |
| Common Stock | May 19, 2015 | M | 0 | $0.00 | A | 9,522 | I | CUST Under Transfer to Minors Act |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy)F2 | $12.97 | May 19, 2015 | M | 1,500 | A | — | May 23, 2022 | Common Stock | 1,500 | 19,943 | D |
| Stock OptionsF3 | $20.88 | May 19, 2015 | M | 0 | A | — | Dec 14, 2015 | Common Stock | 0 | 1,313 | D |
Explanation of responses
- F1Exercise of Stock Options.
- F2The option, representing a right to purchase a total of 25,443 shares, becomes exercisable in five (5) equal installments beginning May 23, 2013, which was the first anniversary of the date on which the option was granted.
- F3Up to 20% of the total during the second year; up to 40% during the third year; up to 60% during the fourth year; up to 80% during the fifth year and during the sixth and each subsequent year until ten years from date of grant up to 100% of the total number of shares.