4 1 jduncanform4.htm FORM 4 FOR 11/12/2002 Form 4 - Courtesy of e-Services, LLC - www.edgar2.net

FORM 4

     Check this box if no longer 
     subject to Section 16. Form 4
     or Form 5 obligations may 
     continue. See Instruction 1(b).

     (Print or Type Responses)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden
hours per response. . . . 0.5

 

1.  Name and Address of Reporting Person*

Duncan, W. Jennings

2.  Issuer Name and Tickler or Trading Symbol
     
     CNB Corporation
     Security File No. 2-96350

6.  Relationship of Reporting Person(s) to Issuer          (Check all applicable)

    X     Director                                      10% Owner
     X    Officer (give title below)            Other (specify below)

  President                                          

(Last)     (First)     (Middle)

515 10th Avenue

3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary)

4.  Statement for Month//Day/Year

     November 14, 2002

(Street)

Conway, SC  29526

5.  If Amendment, Date of
 Original (Month/Day/Year)

7.  Individual or Joint/Group Filing (Check Applicable Line)

       Form filed by One Reporting Person
        Form filed by More than One Reporting Person

(City)     (State)     (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

  

1.  Title of Security
   (Instr. 3)

2.  Transaction Date
(Month/Day/Year)

2A.  Deemed
       Execution Date,
       if any
  (Month/Day/Year)

3. Transaction Code
   (Instr. 8)

4. Securities  Acquired  (A)
    or Disposed of (D)
    (Instr. 3, 4 and 5)

5.  Amount of Securities
    Beneficially Owned
    Following Reported
    Transaction(s)
    (Instr. 3 and 4)

6.  Ownership
     Form: Direct
     (D) or
     Indirect (I)
     (Instr. 4)

 7.  Nature of
    Indirect
    Beneficial
    Ownership
    (Instr. 4)

Code

V

Amount

(A) or (D)

Price

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  



 

 

 

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1.Title of
   Derivative
   Security
   (Instr.3)

2.Conversion or
 Exercise Price of
 Derivative Security

3.Transaction Date
(Month/Day/Year)

3A.  Deemed
Execution Date,
if any
(Month/Day/Year)

4.Transaction Code
   (Instr. 8)

5.Number of Derivative
   Securities Acquired
   (A) or Disposed of (D)
   (Instr. 3, 4 and 5)

6.Date Exerciseable
   and Expiration  Date
  (Month/Day/Year)

7.Title and  Amount of
   Underlying Securities
   (Instr. 3 and 4)

8.Price of
   Derivative
   Security
   (Instr. 5)

9.Number  of
   Derivative
   Securities
   Beneficially
   Owned
   Following
   Reported
   Transaction(s)
    (Instr. 4)

10.Ownership
     Form of
     Derivative
     Securities
     Beneficially
     Owned at
     End of Month
     (Instr. 4)

11.Nature  of
     Indirect
     Beneficial
     Ownership
     (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

  Phantom  Stock

  1-for-1

  11/12/02

  

  A

  

  113

  

  (1)

  (1)

  Common Stock (1)

  113

  

  1020 (2)

  D

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

Explanation of Responses:
 (1)  The units are to be settled 100% in cash and vest upon termination of employment in the case of retirement or disability, upon death in the event of death, or upon a change of control in the event of a change of control.  Benefits are payable after vesting on various dates depending upon whether there was termination of employment as a result of retirement, disability, or death or there was a change of control.

(2)  Includes accrual of cash dividends.
 
 
 

 

            W. Jennings Duncan        
**Signature of Reporting Person

    November 13, 2002     
Date

 

Reminder:

Report on a separate line for each class of securities beneficially owned directly or indirectly.

*

If the form is filed by more than one reporting person, see Instruction 4(b)(v).

**

Intentional misstatements or omissions of facts constitute Federal Criminal Violations
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:

File three copies of this Form, on of which must be manually signed. If space is insufficient, see Instruction 6 for procedure