X0202 4 2006-01-03 0 0000705200 PAB BANKSHARES INC PABK 0001179809 SINGLETARY JOE P JR 3250 NORTH VALDOSTA ROAD VALDOSTA GA 31602 1 0 0 0 Common Stock 2005-02-08 5 L 0 213.893 14.0257 A 1132.3861 I ESPP Common Stock 2005-05-11 5 L 0 8.8395 14.0915 A 1141.2256 I ESPP Common Stock 2005-08-12 5 L 0 8.3083 16.4831 A 1149.5339 I ESPP Common Stock 2005-11-11 5 L 0 7.9786 17.2891 A 1157.5125 I ESPP Common Stock 63309.6369 D Common Stock 21504.8123 I IRA Common Stock 10741.3681 I by Company Common Stock 17014.7977 I by Spouse Non-Qualified Stock Option (right to buy) 18.5 2006-01-03 4 A 0 2000 0 A 2016-01-03 Common Stock 2000 2000 D Non-Qualified Stock Option (right to buy) 8.1 2013-01-01 Common Stock 2000 2000 D Non-Qualified Stock Option (right to buy) 9.375 2011-01-01 Common Stock 2000 2000 D Non-Qualified Stock Option (right to buy) 10.01 2012-01-01 Common Stock 2000 2000 D Non-Qualified Stock Option (right to buy) 13.11 2015-01-01 Common Stock 2000 2000 D Non-Qualified Stock Option (right to buy) 13.313 2010-01-01 Common Stock 2000 2000 D Non-Qualified Stock Option (right to buy) 15.54 2014-01-01 Common Stock 2000 2000 D Non-Qualified Stock Option (right to buy) 16.25 2009-10-18 Common Stock 10000 10000 D Shares purchased with 50% company match funds. Shares owned by Sing Brothers and by Tripo, Inc. of which Mr. Singletary is President of both companies. The reporting person disclaims beneficial ownership of all securities held by spouse, and the report should not be deemed as an admission that the reporting person is the beneficial owner of such securities for purpose of Section 16 or any other purpose. 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. The option becomes exercisable effective date of grant. Joe P. Singletary, Jr. 2006-01-05