X0303 4 2011-03-01 0 0001051871 CITIZENS SOUTH BANKING CORP CSBC 0001250003 BOYD DANIEL MARCUS IV 519 SOUTH NEW HOPE ROAD GASTONIA NC 28054 1 1 0 0 President and CEO Common Stock 2011-03-01 4 S 0 300 4.75 D 16700 D Common Stock 2011-03-01 4 S 0 425 4.65 D 16275 D Common Stock 7672 I By his 401(k) Plan Common Stock 7931 I By his ESOP Stock Option (Right to Buy) 4.762 2019-03-16 Common Stock 211 211 D Stock Option (Right to Buy) 7.619 2018-06-16 Common Stock 21000 21000 D Stock Option (Right to Buy) 14.324 2003-11-03 2013-11-03 Common Stock 21000 21000 D Reflects adjustment for stock split distributed on November 15, 2010. Includes a total of 29,925 Restricted Stock Awards, composed of the remaining 12,600 unvested shares from 15,750 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; and includes 3,675 Recognition and Retention Plan awards that will cliff vest on January 22, 2012, five years after the date of the award; and includes 10,500 Recognition and Retention Plan shares awarded on November 3, 2003, that vested over a seven-year period and fully vested on November 3, 2010. Accordingly, 13,650 shares have vested and 16,275 shares have not vested. This incentive stock option vests in five equal annual installments, with the first installment vesting one year from the date of the award, or on March 16, 2010, and continuing each anniversary thereafter through March 16, 2014. This incentive stock option vests in five equal annual installments, with the first installment vesting one year from the date of the award, or on June 16, 2009, and continuing each anniversary thereafter through June 16, 2013. This incentive stock option has vested. Accordingly, 29,442 incentive stock options have vested and 12,769 incentive stock options have not vested. /s/ Daniel Marcus Boyd, IV 2011-03-01