X0202 3 2006-11-17 0 0001320002 Heritage Financial Group HBOS 0001382232 Fountain T Heath HERITAGE FINANCIAL GROUP 310 WEST OGLETHORPE BOULEVARD ALBANY GA 31701 0 1 0 0 Controller Common Stock 4664.5938 D Common Stock 432.76 I 401(k) Stock Appreciation Right 12.54 2007-05-19 2016-05-19 Common Stock 11000 D Stock Option (Right to Buy) 12.54 2007-05-19 2016-05-19 Common Stock 11000 D 4,410 shares represent 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. 254.5938 shares reflect shares held in the individual's ESOP account. The stock appreciation rights and employee stock options were granted in tandem. Accordingly, the exercise of one results in the expiration of the other. 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. Represents an award of employee stock options under the Issuer's Equity Incentive Plan. The options are scheduled to vest in five equal installments beginning on May 19, 2007. /s/ T. Heath Fountain 2006-11-29