Form D Raw Data - Electronic Filing Depository

EFDID: 32638EFD: Raw Data

Issuer: PALMETTO BANCSHARES INC (0000706874) - D

Accession: 0001503249-11-000001 () (EDGAR Files) (Form D)

Edgar Posted: Feb. 16, 2011
EFD Posted: Aug. 7, 2014

- < edgarSubmission >

< schemaVersion > X0704 </ schemaVersion >

< submissionType > D </ submissionType >

< testOrLive > LIVE </ testOrLive >

- < primaryIssuer >

< cik > 0000706874 </ cik >

< entityName > PALMETTO BANCSHARES INC </ entityName >

- < issuerAddress >

< street1 > 306 EAST NORTH STREET </ street1 >

< city > GREENVILLE </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29601 </ zipCode >

</ issuerAddress >

< issuerPhoneNumber > 800-725-2265 </ issuerPhoneNumber >

< jurisdictionOfInc > SOUTH CAROLINA </ jurisdictionOfInc >

- < issuerPreviousNameList >

< value > None </ value >

</ issuerPreviousNameList >

- < edgarPreviousNameList >

< value > None </ value >

</ edgarPreviousNameList >

< entityType > Corporation </ entityType >

- < yearOfInc >

< overFiveYears > true </ overFiveYears >

</ yearOfInc >

</ primaryIssuer >

- < relatedPersonsList >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > SAMUEL </ firstName >

< middleName > L. </ middleName >

< lastName > ERWIN </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 306 East North Street </ street1 >

< city > Greenville </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29601 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Chief Executive Officer </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > ROY </ firstName >

< middleName > D. </ middleName >

< lastName > JONES </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 306 East North Street </ street1 >

< city > Greenville </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29601 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Chief Financial Officer. </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > LEE </ firstName >

< middleName > S. </ middleName >

< lastName > DIXON </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 306 East North Street </ street1 >

< city > Greenville </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29601 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Chief Operating Officer and Chief Risk Officer. </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > MICHAEL </ firstName >

< middleName > D. </ middleName >

< lastName > GLENN </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 306 East North Street </ street1 >

< city > Greenville </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29601 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > ROBERT </ firstName >

< middleName > B. </ middleName >

< lastName > GOLDSTEIN </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 306 East North Street </ street1 >

< city > Greenville </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29601 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > JOHN </ firstName >

< middleName > D. </ middleName >

< lastName > HOPKINS, JR. </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 306 East North Street </ street1 >

< city > Greenville </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29601 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > JAMES </ firstName >

< middleName > J. </ middleName >

< lastName > LYNCH </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 306 East North Street </ street1 >

< city > Greenville </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29601 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > L. </ firstName >

< middleName > LEON </ middleName >

< lastName > PATTERSON </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 306 East North Street </ street1 >

< city > Greenville </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29601 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > CHAIRMAN OF THE BOARD OF DIRECTORS. </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > JANE </ firstName >

< middleName > S. </ middleName >

< lastName > SOSEBEE </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 306 East North Street </ street1 >

< city > Greenville </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29601 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > L. </ firstName >

< middleName > STEWART </ middleName >

< lastName > SPINKS </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 306 East North Street </ street1 >

< city > Greenville </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29601 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > JOHN </ firstName >

< middleName > P. </ middleName >

< lastName > SULLIVAN </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 306 East North Street </ street1 >

< city > Greenville </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29601 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > J. </ firstName >

< middleName > DAVIS </ middleName >

< lastName > WASSON, JR. </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 306 East North Street </ street1 >

< city > Greenville </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29601 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

</ relatedPersonsList >

- < offeringData >

- < industryGroup >

< industryGroupType > Commercial Banking </ industryGroupType >

</ industryGroup >

- < issuerSize >

< revenueRange > No Revenues </ revenueRange >

</ issuerSize >

- < federalExemptionsExclusions >

< item > 06 </ item >

</ federalExemptionsExclusions >

- < typeOfFiling >

- < newOrAmendment >

< isAmendment > false </ isAmendment >

</ newOrAmendment >

- < dateOfFirstSale >

< value > 2011-01-28 </ value >

</ dateOfFirstSale >

</ typeOfFiling >

- < durationOfOffering >

< moreThanOneYear > false </ moreThanOneYear >

</ durationOfOffering >

- < typesOfSecuritiesOffered >

< isEquityType > true </ isEquityType >

</ typesOfSecuritiesOffered >

- < businessCombinationTransaction >

< isBusinessCombinationTransaction > false </ isBusinessCombinationTransaction >

< clarificationOfResponse />

</ businessCombinationTransaction >

< minimumInvestmentAccepted > 0 </ minimumInvestmentAccepted >

< salesCompensationList />

- < offeringSalesAmounts >

< totalOfferingAmount > 6801922 </ totalOfferingAmount >

< totalAmountSold > 6801922 </ totalAmountSold >

< totalRemaining > 0 </ totalRemaining >

< clarificationOfResponse > 2,616,124 shares of common stock sold at $2.60 per share for a total offering amount of $6,801,922. </ clarificationOfResponse >

</ offeringSalesAmounts >

- < investors >

< hasNonAccreditedInvestors > false </ hasNonAccreditedInvestors >

< totalNumberAlreadyInvested > 5 </ totalNumberAlreadyInvested >

</ investors >

- < salesCommissionsFindersFees >

- < salesCommissions >

< dollarAmount > 0 </ dollarAmount >

</ salesCommissions >

- < findersFees >

< dollarAmount > 0 </ dollarAmount >

</ findersFees >

< clarificationOfResponse > N/A </ clarificationOfResponse >

</ salesCommissionsFindersFees >

- < useOfProceeds >

- < grossProceedsUsed >

< dollarAmount > 0 </ dollarAmount >

</ grossProceedsUsed >

< clarificationOfResponse > N/A </ clarificationOfResponse >

</ useOfProceeds >

- < signatureBlock >

< authorizedRepresentative > false </ authorizedRepresentative >

- < signature >

< issuerName > PALMETTO BANCSHARES INC </ issuerName >

< signatureName > /s/ Lee S. Dixon </ signatureName >

< nameOfSigner > Lee S. Dixon </ nameOfSigner >

< signatureTitle > Chief Operating Officer </ signatureTitle >

< signatureDate > 2011-02-15 </ signatureDate >

</ signature >

</ signatureBlock >

</ offeringData >

</ edgarSubmission >