Statement of Changes in Beneficial Ownership (4)

Date : 02/15/2020 @ 6:04AM
Source : Edgar (US Regulatory)
Stock : Bank of South Carolina Corporation (BKSC)
Quote : 17.25  -0.9789 (-5.37%) @ 9:32PM

Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Walpole Eugene H IV
2. Issuer Name and Ticker or Trading Symbol

BANK OF SOUTH CAROLINA CORP [ BKSC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    __X__ Other (specify below)
Executive Vice President / ESOP Trustee
(Last)          (First)          (Middle)

P. O. BOX 538
3. Date of Earliest Transaction (MM/DD/YYYY)

2/13/2020
(Street)

CHARLESTON, SC 29402-0538
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

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

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Common Stock 2/13/2020  J  1116.9100 A$0.0000 3127.2000 I By ESOP 
Common Stock 2/13/2020  J  33809.0000 D$0.0000 2618.4548 I Unallocated Shares as a Trustee of ESOP 
Common Stock         5082.0550 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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 Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:

Remarks:
Disclaims beneficial ownership of 313,703 shares owned by the BKSC ESOP, which have been allocated to members of the Plan.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Walpole Eugene H IV
P. O. BOX 538
CHARLESTON, SC 29402-0538
X
Executive Vice PresidentESOP Trustee

Signatures
Costa V. Thomas, Attorney in Fact2/14/2020
**Signature of Reporting PersonDate

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