X0202 4 2006-05-19 0 0001320002 Heritage Financial Group HBOS 0001325807 Land James K C/O HERITAGE FINANCIAL GROUP 310 WEST OGLETHORPE BOULEVARD ALBANY GA 31701 1 0 0 0 Common Stock 2006-05-19 4 A 0 11016 0 A 21016 D Stock Appreciation Right 12.54 2006-05-19 4 A 0 27541 0 A 2007-05-19 2016-05-19 Common Stock 27541 27541 D Stock Option ("Right to Buy") 12.54 2006-05-19 4 A 0 27541 0 A 2007-05-19 2016-05-19 Common Stock 27541 27541 D Transaction represents an award of restricted stock under the Issuer's 2006 Equity Incentive Plan. The shares are scheduled to vest in five equal annual installments beginning on May 19, 2007. The stock appreciation rights and employee stock options were granted in tandem. Accordingly, the exercise of one results in the expiration of the other. Transaction represents an award of stock appreciation rights under the Issuer's 2006 Equity Incentive Plan. The rights are scheduled to vest in five equal installments beginning on May 19, 2007. Transaction represents an award of stock appreciation rights under the Issuer's Equity Incentive Plan. The options are scheduled to vest in five equal installments beginning on May 19, 2007. /s/ Tammy W. Burdette, POA 2006-05-23