SEC FORM 3/A SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
JEFFREYS HAROLD B

(Last) (First) (Middle)
4136 INDIAN HILLS ROAD

(Street)
DECATUR AL 35601

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2005
3. Issuer Name and Ticker or Trading Symbol
PEOPLES HOLDING CO [ PHC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
01/10/2005
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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 67,595(1) D
Common Stock 48,635(1) I By Spouse
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to buy) 01/01/2005(2) 08/24/2008 Common Stock 18,000(1)(2) 16.68(2) D
Explanation of Responses:
1. 67,495 shares were received 1/1/05 in exchange of Heritage Financial Financial Holding Corporation (HBFH) in connection with the merger of Heritage Financial Holding Corp. with and into The Peoples Holding Company (PHC), based on an exchange ratio of .2 shares of PHC common stock for each share of HBFH common stock.
2. Heritage Financial Holding Corporation originally granted this option 08/24/1998. Effective with the 01/01/05 merger of Heritage Financial Holding Corporation with and into The Peoples Holding Company, this option was accelerated and became fully exercisable. The exchange ratio was .2 shares of common stock for each share of HBFH common stock. The exercise price was calculated by dividing the original exercise price by the exchange ratio.
Harold B. Jeffreys 01/11/2005
** Signature of Reporting Person 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 5 (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).
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