Filing Details

Accession Number:
0000939057-11-000147
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-05-26 17:32:11
Reporting Period:
2009-12-01
Filing Date:
2011-05-26
Accepted Time:
2011-05-26 16:32:11
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
818677 Security Federal Corp SFDL Savings Institution, Federally Chartered (6035) 570858504
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1220992 Jr M Francis Thomas P O Box 810
Aiken SC 29802
President-The Bank Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2011-05-25 2,000 $8.00 11,301 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock 8% Convertible Debentures Acquisiton 2009-12-01 2,000 $40,000.00 2,000 $20.00
Common Stock 8% Convertible Senior Debentures Acquisiton 2009-12-01 1,500 $30,000.00 1,500 $20.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
2,000 2029-12-01 No 4 P Direct
1,500 2029-12-01 No 4 P Indirect
Footnotes
  1. Includes 6,180 shares held jointly with spouse.
  2. On December 1, 2009, the Reporting Person participated in the offering of Issuer's 8% Convertible Senior Debentures. The transaction was disclosed by the Issuer on a Current Report filed on Form 8-K with the SEC on December 4, 2009.
  3. The debentures are convertible into the Issuer's common stock at any time prior to the December 1, 2029 maturity date, unless previously redeemed pursuant to the terms of an indenture.
  4. Represents debentures purchased on December 1, 2009 by the Reporting Person's spouse in the offering of Issuer's 8% Convertible Senior Debentures.