X0303 5 2010-12-31 0 0 0000705200 PAB BANKSHARES INC PABK 0001179816 TORBERT DONALD J JR 3250 NORTH VALDOSTA ROAD VALDOSTA GA 31602 1 President/CEO Common Stock 2010-01-13 5 L 0 1463.2005 2.0503 A 3244.6637 I ESPP Common Stock 4199.0339 D Common Stock 1021 I Education IRA-child1 Common Stock 541 I Education IRA-child2 Common Stock 541 I Education IRA-child3 Common Stock 2123 I IRA Incentive Stock Option (Right to Buy) 9.1912 2011-01-01 Common Stock 1530 1530 D Incentive Stock Option (Right to Buy) 10.3922 2011-09-26 Common Stock 10548 10548 D Incentive Stock Option (Right to Buy) 7.549 2012-08-02 Common Stock 5304 5304 D Incentive Stock Option (Right to Buy) 3.00 2011-09-29 2014-09-29 Common Stock 34600 34600 D Incentive Stock Option (Right to Buy) 13.8529 2015-03-29 Common Stock 7140 7140 D Common Stock Warrants (right to buy) 3.75 2009-09-09 2016-09-09 Common Stock 800 800 D Non-qualified Stock Option (Right to Buy) 2.00 2011-09-29 2014-09-29 Common Stock 11600 11600 D Incentive Stock Option (Right to Buy) 20.9314 2016-12-19 Common Stock 6120 6120 D Incentive Stock Option (Right to Buy) 13.4608 2017-12-18 Common Stock 7650 7650 D Shares purchased with 50% company match funds. These securities were purchased for Mr. Torbert's minor children's education savings accounts. Stock Option (right to buy) granted pursuant to PAB Bankshares, Inc. 1999 Stock Option Plan. It is the intent 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 exemption aternatives 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. This is a non-qualified grant with a two year cliff vesting period and a five year option period. /s/ Donald J. Torbert, Jr. 2011-01-04