X0303 5 2010-12-31 0 0 0000705200 PAB BANKSHARES INC PABK 0001179818 KURRIE THOMPSON JR 3250 NORTH VALDOSTA ROAD VALDOSTA GA 31602 1 Common Stock 2010-05-18 5 L 0 1544.7864 1.942 A 2366.8617 I ESPP Common Stock 43333 I by PSP Common Stock 2797 I IRA Non-qualified Stock Option (Right to Buy) 15.9314 1999-10-18 2009-10-18 Common Stock 10200 10200 D Non-qualified Stock Option (Right to Buy) 13.052 2005-01-01 2010-01-01 Common Stock 2040 2040 D Non-qualified Stock Option (Right to Buy) 9.1912 2006-01-01 2011-01-01 Common Stock 2040 2040 D Non-qualified Stock Option (Right to Buy) 9.8137 2007-01-01 2012-01-01 Common Stock 2040 2040 D Non-qualified Stock Option (Right to Buy) 7.9412 2008-01-01 2013-01-01 Common Stock 2040 2040 D Common Stock Warrants (right to buy) 3.75 2009-09-09 2016-09-09 Common Stock 10400 10400 I by PSP Non-qualified Stock Option (Right to Buy) 3.00 2019-04-28 Common Stock 50000 50000 D Non-qualified Stock Option (Right to Buy) 2.12 2011-01-04 2020-01-04 Common Stock 2000 2000 D Shares are purchased with 50% company match funds. These are performance based options and will vest as follows : 5,000 shares will vest when the trading price of the Company's stock reaches $4.50 per share; 5,000 shares will vest when the trading price reaches $6.00 per share; 10,000 shares will vest when the trading price reaches $9.00 per share and 30,000 shares will vest when the trading price reaches $12.00 per share. Stock Option (right to buy) granted pursuant to PAB Bankshares, Inc. 1999 Stock Option Plan. It is the inent of the company that any option award granted under the plan satisfy and be interpreted in a manner that satisfies the applicable requirements of Rule 16b-3, so that any person subject to Section 16 of the Securities Act of 1933 will be entitled to the benefits of Rule 16b-3 or other exemptive rules under Section 16 of the Act and will be subjected to liability thereunder. Options and awards granted under this plan to persons subject to Section 16, are approved by the full Board of Directors of PAB Bankshares, Inc. in compliance with the exception alternatives of Rule 16b-3, as amended August 15, 1996. The option becomes available in five equal installments, commencing one year after the date of grant. /s/ Thompson Kurrie, Jr. 2011-01-04