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FORM 5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
ANNUAL 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(f) of
the Investment Company Act of 1940
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CHECK THIS BOX IF NO LONGER SUBJECT TO
[ ] SECTION 16. FORM 4 OR FORM 5 OBLI-
GATIONS MAY CONTINUE. SEE INSTRUCTION 1(B).
[ ] FORM 3 HOLDINGS REPORTED
[ ] FORM 4 TRANSACTIONS REPORTED
<TABLE>
<S> <C>
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1. Name and Address of 2. Issuer Name AND Ticker or Trading Symbol 6. Relationship of Reporting
Reporting Person* Person to Issuer
(Check all applicable)
X Director 10% Owner
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Bracewell, Joseph S. Century Bancshares, Inc (CTRY)
X Officer (give Other (specify
--- title --- below)
below)
Chairman,President,CEO
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for Month/Year
Number of Reporting
1275 Pennsylvania Avenue, N.W. Person (Voluntary) December, 1998
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(Street) 5. If Amendment, Date of 7. Individual or Joint/
Original (Month/Year) Group Filing
(check applicable line)
Washington DC 20004 X Form Filed by One
--- Reporting Person
Form Filed by
--- More than One
Reporting Person
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(City) (State) (Zip)
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. Owned at Direct Bene-
(Month/ 8) End of (D) or ficial
Day/ Issuer's Indirect Owner-
Year) Fiscal Year (I) ship
(Instr. 3 (Instr. 4) (Instr. 4)
and 4)
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(A) or
Amount (D) Price
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Common Stock 12/19/97 G (Gift to 25 shares D 35,475 D
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Non-related
Party)
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36,108 I By 401(k) Plan
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6,758 I By IRA/Keough
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1,150 I By Son
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1,150 I By Son
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22,004 I By Trust
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</TABLE>
*If the form is filed by more than one reporting person, see instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
SEC 2270 (7-96)
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OWNED
FORM 5 (CONTINUED)
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<TABLE>
<S> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer- 7. Title and Amount of
Security sion or action tion ative Securities cisable and Ex- Underlying
(Instr. 3) Exercise Date (Instr. 8) Acquired (A) or piration Date Securities
Price of (Month/ Disposed of (D) (Month/Day/ (Instr. 3 and 4)
Deriv- Day/ (Instr. 3, 4 and 5) Year)
ative Year)
Security
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Date Expira- Amount or
Exer- tion Title Number of
cisable Date Shares
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(A) (D)
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Warrant to Buy 11/15/96 11/16/98 (1) Common Stock 786
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Warrant to Buy 11/15/96 11/16/98 (1) Common Stock 786
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Warrant to Buy 11/15/96 11/16/98 (1) Common Stock 22,004
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Option to Buy (2) 5/1/98 Common Stock 4,523
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Option to Buy (3) 2/1/00 Common Stock 14,751
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Option to Buy (4) 5/18/01 Common Stock 1,770
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Option to Buy (5) 5/17/02 Common Stock 1,685
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Option to Buy (6) 5/21/06 Common Stock 2,872
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Option to Buy (7) 6/6/07 Common Stock 4,000
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</TABLE>
<TABLE>
<S> <C>
8. Price 9. Number 10. 11. Na-
of of Deriv- Owner- ture
Deriv- ative ship of of
ative Secur- De- In-
Secur- ities rivative direct
ity Bene- Secu- Bene-
(Instr. ficially rity: ficial
5) Owned Direct Own-
at End (D) or ership
of Indi- (Instr. 4)
Year rect
(Instr.4) (Instr. 4)
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$5.12 786 I By Son
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$5.12 786 I By Son
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$5.12 22,004 I By Trust
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$1.54 4,523 D
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$2.69 14,751 D
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$4.03 1,770 D
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$5.12 1,685 D
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$5.71 2,872 D
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$6.88 4,000 D
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</TABLE>
Explanation of Responses:
(1) This issuer has the option, on and after November 14, 1997, to repurchase
the Warrants at a price equal to $.26 per Warrant.
(2) Granted May 1, 1991 with 25% of the original grant vesting after each of 6,
18, 30, and 42 months of continued service.
(3) Granted May 18, 1994 with 25% of the original grant vesting immediately and
the remaining 75% vesting in equal annual increments beginning August 1,
1994.
(4) Granted May 18, 1994 with 25% of the original grant vesting after each of
6, 18, 30, and 42 months of continued service.
(5) Granted May 17,1995 with 25% of the original grant vesting after each of 6,
18, 30, and 42 months of continued service.
(6) Granted May 21, 1996 with 25% of the original grant vesting after each of
6, 18, 30, and 42 months of continued service.
(7) Granted June 6, 1997 with 25% of the original grant vesting after each of
6, 18, 30, and 42 months of continued service.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/S/ Joseph S. Bracewell 2/17/98
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**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
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