1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
employee stock option (right to buy)
|
Â
(3)
|
06/20/2010 |
common stock
|
625
|
$
24
|
D
|
Â
|
employee stock option (right to buy)
|
Â
(3)
|
06/19/2011 |
common stock
|
1,875
|
$
26.6
|
D
|
Â
|
employee stock option (right to buy)
|
Â
(3)
|
07/31/2012 |
common stock
|
625
|
$
30.68
|
D
|
Â
|
employee stock option (right to buy)
|
Â
(3)
|
06/15/2014 |
common stock
|
3,751
|
$
25
|
D
|
Â
|
employee stock option (right to buy)
|
Â
(3)
|
07/14/2015 |
common stock
|
1,250
|
$
42.72
|
D
|
Â
|
employee stock option (right to buy)
|
Â
(4)
|
07/17/2016 |
common stock
|
1,250
|
$
42.24
|
D
|
Â
|
employee stock option (right to buy)
|
Â
(5)
|
07/17/2017 |
common stock
|
750
|
$
39.96
|
D
|
Â
|
employee stock options (right to buy)
|
Â
(6)
|
07/23/2018 |
common stock
|
800
|
$
10.14
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
These shares have been allocated to reporting person's account in the ESOP. |
(2) |
Reporting person is a member of a committee which may be deemed to have investment control over the assets in the ESOP. The number of shares shown are the shares held by the ESOP which have not been allocated to any participant account. Reporting person disclaims beneficial ownership of these shares. |
(3) |
The stock options are currently exercisable. |
(4) |
Stock options will vest upon the earlier of July 17, 2011 or (1) 50% upon the 10-day trading average of Superior Bancorp common stock attaining $48.00 per share and (2) 50% upon the 10-day average trading price of Superior Bancorp common stock attaining $56.00 per share. |
(5) |
Stock options will vest upon the earlier of July 17, 2012 or (1) 50% upon the 10-day trading average of Superior Bancorp common stock attaining $48.00 per share and (2) 50% upon the 10-day average trading price of Superior Bancorp common stock attaining $56.00 per share. |
(6) |
Stock options will vest upon the earlier of July 23, 2013 or (1) 50% upon the 10-day trading average of Superior Bancorp common stock attaining $13.25 per share and (2) 50% upon the 10-day average trading price of Superior Bancorp common stock attaining $16.25 per share. |