Home > Insider Trading > Filing (0001140361-11-033461)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1051871	Citizens South Banking Corp	CSBC	Savings Institution, Federally Chartered (6035)	542069979

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1249988	Ii Richard Ben Rudisill	519 South New Hope Road Gastonia NC 28054	Vice Chairman Of Board	Yes	Yes	No	Yes

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2011-06-06	1	$4.40	82,000	No	4	S	Direct
Common Stock	Disposition	2011-06-06	100	$4.32	81,900	No	4	S	Direct
Common Stock	Disposition	2011-06-06	100	$4.31	81,800	No	4	S	Direct
Common Stock	Disposition	2011-06-06	499	$4.30	81,301	No	4	S	Direct
Common Stock	Disposition	2011-06-08	500	$4.26	80,801	No	4	S	Direct
Common Stock	Disposition	2011-06-08	1,100	$4.25	79,701	No	4	S	Direct
Common Stock	Disposition	2011-06-09	100	$4.27	79,601	No	4	S	Direct
Common Stock	Disposition	2011-06-10	100	$4.27	79,501	No	4	S	Direct
Common Stock	Disposition	2011-06-13	100	$4.27	79,401	No	4	S	Direct
Common Stock	Disposition	2011-06-13	800	$4.22	78,601	No	4	S	Direct
Common Stock	Disposition	2011-06-13	600	$4.20	78,001	No	4	S	Direct
Common Stock	Disposition	2011-06-14	100	$4.24	77,901	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	7,481	Indirect	By his IRA
Common Stock	16,232	Indirect	By his corporation
Common Stock	5,694	Indirect	By his wife
Common Stock	8,610	Indirect	By wife's IRA

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option (Right to Buy)	$7.62		2018-06-16	2,940	2,940	Direct
Common Stock	Stock Option (Right to Buy)	$14.32	2003-11-03	2013-11-03	23,803	23,803	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2018-06-16	2,940	2,940	Direct
2013-11-03	23,803	23,803	Direct

Footnotes

Reflects adjustment for stock split distributed on November 15, 2010.
Includes 30,907 Restricted Stock Awards, including 29,017 Restricted Stock Awards that were granted on April 19, 1999, and November 3, 2003, that have fully vested, and includes 1,890 Restricted Stock Awards that will vest over a five year period, commencing on June 16, 2008, the date of the award at the rate of 10% on June 16, 2009, 10% on June 16, 2010, 10% on June 16, 2011, 35% on June 16, 2012, and 35% on June 16, 2013. Accordingly, 29,584 shares from these Awards have vested and 1,323 shares have not vested.
This non-statutory stock option vests in five equal annual installments, with the first installment becoming exercisable on the first anniversary of the date of grant, or June 16, 2009, and succeeding installments on each anniversary thereafter through June 16, 2013.
This non-statutory stock option has vested. Accordingly, 25,567 non-statutory stock options have vested and 1,176 non-statutory stock options have not vested.