SEC Form 4 · accession 0001412707-19-000008
Level One Bancorp Inc · LEVL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory A. Wernette
Officer — EVP and Chief Lending Officer
Period of report
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 12:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001412707
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 13, 2019 | S | 5,500 | $24.0361 | D | 13,900 | D | |
| Common Stock | Feb 14, 2019 | M | 4,000 | $10.00 | A | 17,900 | D | |
| Common Stock | Feb 14, 2019 | M | 2,000 | $10.15 | A | 19,900 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy)F2 | $10.00 | Feb 14, 2019 | M | 4,000 | D | — | Mar 17, 2021 | Common Stock | 4,000 | 0 | D |
| Option (Right to Buy)F3 | $10.15 | Feb 14, 2019 | M | 2,000 | D | — | Feb 16, 2022 | Common Stock | 2,000 | 2,000 | D |
Explanation of responses
- F1The price reported in column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $23.75 to $24.35, inclusive. The reporting person undertakes to provide Level One Bancorp, Inc., any security holder of Level One Bancorp, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2These options vest in three equal annual installments beginning one year after the 3/17/2011 date of grant.
- F3These options vest in three equal annual installments beginning one year after the 2/16/2012 date of grant.