X0201 4 2003-08-22 0 0001027183 FIRST SOUTH BANCORP INC /VA/ FSBK 0001231221 SINGLETON MARSHALL T 1131 CAROLINA AVE WASHINGTON NC 27889 1 0 0 0 Common Stock 2003-08-22 4 X 0 18000 12.167 A 105211 D Right to buy Options 12.167 2003-08-22 4 X 0 18000 12.167 D 1998-04-08 2008-04-08 Common Stock 18000 23175 D Exercised an in-the-money right to buy option. Exercise price of $12.167. Market value of $39.00 on date exercised. Beneficial Ownership: 97,768, onwed directly by self; 4,104 owned indirectly by IRA, 3,339 owned indirectly by Spouse IRA /s/ Marshall T. Singleton 2003-08-22