SEC Form 4 · accession 0000892712-16-001584
BAYLAKE CORP · BYLK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel M Hanson
Officer — Senior VP Operations/IT
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 6:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000275119
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 1, 2016 | M | 837 | $4.15 | A | 23,727 | D | |
| Common StockF1 | Apr 1, 2016 | M | 838 | $6.20 | A | 24,565 | D | |
| Common StockF1 | Apr 1, 2016 | M | 1,930 | $9.50 | A | 26,495 | D | |
| Common StockF1 | Apr 1, 2016 | M | 1,404 | $13.90 | A | 27,899 | D | |
| Common StockF1 | Apr 1, 2016 | M | 648 | $12.52 | A | 28,547 | D | |
| Common Stock | holding | — | — | — | 558 | I | By IRA | |
| Restricted Stock UnitsF2 | holding | — | — | — | 1,187 | D | ||
| Restricted Stock UnitsF3 | holding | — | — | — | 837 | D | ||
| Restricted Stock UnitsF4 | holding | — | — | — | 1,048 | D | ||
| Restricted Stock UnitsF5 | holding | — | — | — | 493 | D | ||
| Restricted Stock UnitsF6 | holding | — | — | — | 1,124 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF7 | $4.15 | Apr 1, 2016 | M | 837 | D | — | Mar 15, 2021 | Common Stock | 837 | 0 | D |
| Stock OptionF8 | $6.20 | Apr 1, 2016 | M | 838 | D | — | Apr 1, 2022 | Common Stock | 838 | 837 | D |
| Stock OptionF9 | $9.50 | Apr 1, 2016 | M | 1,930 | D | — | Mar 19, 2023 | Common Stock | 1,930 | 1,286 | D |
| Stock OptionF10 | $13.90 | Apr 1, 2016 | M | 1,404 | D | — | Mar 18, 2024 | Common Stock | 1,404 | 2,104 | D |
| Stock OptionF11 | $12.52 | Apr 1, 2016 | M | 648 | D | — | Mar 17, 2025 | Common Stock | 648 | 2,591 | D |
Explanation of responses
- F1Increased shares reflect exercising of stock options and vesting of restricted stock units.
- F10The aggregate stock options were granted on 3/18/14 and vest annually pro rata over a five year period on the first through fifth anniversaries of the grant date. Upon the vesting date, the stock options are convertible into shares of common stock at the discretion of the holder.
- F11The aggregate stock options were granted on 3/17/15 and vest annually pro rata over a five year period on the first through fifth anniversaries of the grant date. Upon the vesting date, the stock options are convertible into shares of common stock at the discretion of the holder.
- F2The aggregate restricted stock units were granted on 3/15/16 and vest annually pro rata over a five year period on the first through fifth anniversaries of the grant date. Upon the vesting date, the restricted stock units are converted into shares of common stock under direct ownership of the holder.
- F3The aggregate restricted stock units were granted on 4/1/12 and vest annually pro rata over a five year period on the first through fifth anniversaries of the grant date. Upon the vesting date, the restricted stock units are converted into shares of common stock under direct ownership of the holder.
- F4The aggregate restricted stock units were granted on 3/19/13 and vest annually pro rata over a five year period on the first through fifth anniversaries of the grant date. Upon the vesting date, the restricted stock units are converted into shares of common stock under direct ownership of the holder.
- F5The aggregate restricted stock units were granted on 3/18/14 and vest annually pro rata over a five year period on the first through fifth anniversaries of the grant date. Upon the vesting date, the restricted stock units are converted into shares of common stock under direct ownership of the holder.
- F6The aggregate restricted stock units were granted on 3/17/15 and vest annually pro rata over a five year period on the first through fifth anniversaries of the grant date. Upon the vesting date, the restricted stock units are converted into shares of common stock under direct ownership of the holder.
- F7The aggregate stock options were granted on 3/15/11 and vest annually pro rata over a five year period on the first through fifth anniversaries of the grant date. Upon the vesting date, the stock options are convertible into shares of common stock at the discretion of the holder.
- F8The aggregate stock options were granted on 4/1/12 and vest annually pro rata over a five year period on the first through fifth anniversaries of the grant date. Upon the vesting date, the stock options are convertible into shares of common stock at the discretion of the holder.
- F9The aggregate stock options were granted on 3/19/13 and vest annually pro rata over a five year period on the first through fifth anniversaries of the grant date. Upon the vesting date, the stock options are convertible into shares of common stock at the discretion of the holder.