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CNBW CNB Corporation (CE)

65.00
0.00 (0.00%)
05 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
CNB Corporation (CE) USOTC:CNBW OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 65.00 0.00 00:00:00

- Statement of Changes in Beneficial Ownership (4)

29/05/2009 11:04pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Benson William R
2. Issuer Name and Ticker or Trading Symbol

CNB CORP /SC/ [ None ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

8252 TIMBER RIDGE ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

5/29/2009
(Street)

CONWAY, SC 29526
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   5/29/2009   5/29/2009   G    207   A $158   1318   D    
Common Stock                  181   I   Spouse  
Common Stock   5/29/2009   5/29/2009   G    457   D $158   15605   I   As Trustee, Under Irrevocable Trust  
Common Stock                  2183   I   As Trustee under Irrevocable Trust  
Common Stock                  14520   I   As Member, SC LLC   (1)
Common Stock                  994   I   As POA - Mother  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phanton Stock     (2)                   (2)   (2) Common Stock     (2)   774   (3) D    

Explanation of Responses:
( 1)  E Square Farms, LLC is owned 78.7% by The Ella Earle Busbee Benson Trust and 7.1% by William R. Benson.
( 2)  The Units are to be settled 100% in cash and vest upon termination of employment in the case of retirement or disability, upon death in the event of death, or upon a change of control in the event of a change of control. Benefits are payable after vesting on varioius dates depending upon whether there was termination of employment as a result of retirement, disability, or death or there was a change of control.
( 3)  Includes accrual of cash dividends.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Benson William R
8252 TIMBER RIDGE ROAD
CONWAY, SC 29526
X



Signatures
/s/William R. Benson 5/29/2009
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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