X0303 4 2010-11-08 0 0001284077 ATLANTIC COAST FEDERAL CORP ACFC 0001303900 Martin Charles E Jr 505 HAINES AVENUE WAYCROSS GA 31501 1 0 0 0 Common Stock 25232 D Common Stock 771 I By IRA Common Stock 1000 I By Spouse Phantom Stock 2010-11-08 4 A 0 526.539 1.6328 A Common Stock 526.539 16923.87 D Stock Options 13.73 2006-07-28 2015-07-28 Common Stock 14300 14300 D Stock Options 13.70 2006-10-11 2015-10-11 Common Stock 7150 7150 D Stock Options 2.93 2011-06-28 2020-06-28 Common Stock 6000 6000 D Includes 12,600 shares of common stock owned jointly with son. Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable upon the reporting person's termination of service as a director. Stock options that vest at a rate of 20% per year commencing on July 28, 2006. Stock options that vest at a rate of 20% per year commencing on October 11, 2006. Represents stock options that vest at a rate of 20% per year commencing on June 28, 2011. /s/ Richard S. Garabedian, Pursuant to Power of Attorney 2010-11-09