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Great Southern issues stock options to directors, officers

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Great Southern Bancorp Inc. (Nasdaq: GSBC) this week awarded stock options to board members and officers.

Matt Snyder, vice president of human resources, said the awards give the executives future options to buy company stock at a set rate of $41.30 per share. The officers and directors may exercise their right to purchase the stock starting in October 2018.

Directors Julie Brown, Doug Pitt, Larry Frazier, William Barclay, Grant Haden, Earl Steinert Jr. and Tom Carlson were awarded options of 2,000 shares apiece they can purchase at a later date. The individual investment for those shares would be $82,600, according to U.S. Securities and Exchange Commission filings submitted this morning.

Board Chairman William Turner was awarded options for 6,000 shares, which would cost $247,800. He also sold 1,799 shares on Oct. 24 and 1,902 shares on Oct. 25, for a total of $152,807, according to SEC filings.

Great Southern CEO Joe Turner, who also serves on the board, also received an award of 6,000 shares he can purchase later.

Chief Financial Officer Rex Copeland was awarded 4,200 shares he can purchase for a total of $173,460. Doug Marrs, the company’s vice president of operations, received options for 2,500 shares, which can later be purchased at $103,250. Director of Information Systems Linton Thomason was awarded options for 2,500 shares, which would cost $103,250.

GSBC shares were trading at $40.70 as of 8:41 a.m., compared with a 52-week range of $34.48 to $52.94.

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