James B. Schwiers - 14 May 2021 Form 3 Insider Report for GRANDSOUTH BANCORPORATION

Role
President & COO, Director
Signature
/s/Nelson Mullins Riley & Scarborough LLP as POA for James B. Schwiers
Issuer symbol
N/A
Transactions as of
14 May 2021
Net transactions value
$0
Form type
3
Filing time
14 May 2021, 16:33:21 UTC
Next filing
01 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GRRB Common Stock 82,685 14 May 2021 Direct
holding GRRB Preferred Stock Series A 3,153 14 May 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding GRRB Employee Stock Option 14 May 2021 Common Stock 58,344 $14.00 Direct F1
holding GRRB Employee Stock Option 14 May 2021 Common Stock 50,000 $16.55 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted pursuant to the 2009 Stock Option Plan. The shares subject to this option vested and became exercisable, or will vest, subject to conditions, and become exercisable as follows: 20% on each June 21, 2017, 2018, 2019, 2020, and 2021.
F2 Granted pursuant to the 2019 Stock Option Plan. The shares subject to this option vested and became exercisable, or will vest, subject to conditions, and become exercisable as follows: 20% on each June 21, 2020, 2021, 2022, 2023, and 2024.

Remarks:

Exhibit Index: Exhibit 24.1, Power of Attorney.