Date of report (Date of earliest event reported) |
December 15,
2005
|
Georgia
Bancshares, Inc.
|
(Exact
Name of Registrant as Specified in its
Charter)
|
Georgia
|
000-50188
|
58-2646154
|
(State
or Other Jurisdiction of Incorporation)
|
(Commission
File Number)
|
(I.R.S.
Employer Identification No.)
|
100
Westpark Drive
|
Peachtree
City, Georgia 30269
|
(Address
of Principal Executive
Offices)
|
Registrant’s telephone number, including area code |
(770)
631-9488
|
N/A
|
(Former
Name or Former Address, if Changed Since
Last Report)
|
o
|
Written
communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
|
o
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR
240.13e-4(c))
|
2004
Stock Option Grants to Executive Officers
Date
of Grant: February 19, 2004
Date
of Expiration: February 19, 2014
|
||||||||||||||||
Employee
Name
|
Total
Options Granted on 02/19/04
|
Previously
Vested
|
Vesting
Dates Accelerated to December 15, 2005
|
|||||||||||||
Feb.
19, 2005
|
Feb.
19, 2006
|
Feb.
19, 2007
|
Feb.
19, 2008
|
|||||||||||||
Rick
A. Duncan
|
35,000
|
8,750
|
8,750
|
8,750
|
8,750
|
|||||||||||
C.
Lynn Gable
|
30,000
|
7,500
|
7,500
|
7,500
|
7,500
|
|||||||||||
Malcolm
R. Godwin
|
35,000
|
8,750
|
8,750
|
8,750
|
8,750
|
|||||||||||
Ira
P. Shepherd III
|
35,000
|
8,750
|
8,750
|
8,750
|
8,750
|
|||||||||||
Eric
K. Smith
|
30,000
|
7,500
|
7,500
|
7,500
|
7,500
|
No.
of Options
|
Exercise
Price
|
|||
177,375
|
$
|
14.30
|
||
12,500
|
14.95
|
|||
3,000
|
12.25
|
|||
5,000
|
12.40
|
|||
2,500
|
13.50
|
|||
200,375
|
2.250
accelerated options at $1.55/share:
|
$
|
3,487.50
|
||
3,750
accelerated options at 1.40/share:
|
5,250.00
|
|||
1,875
accelerated options at 0.30/share:
|
562.50
|
|||
$
|
9,300.00
|
2006
|
2007
|
2008
|
||||
$180,360
|
$180,360
|
$180,270
|
GEORGIA BANCSHARES, INC. | |||
Date:
December 21, 2005
|
By:
|
/s/ C. Lynn Gable
|
|
C.
Lynn Gable
|
|||
Senior
Vice President and Chief Financial Officer
|