SEC Form 4 · accession 0001437749-15-005489
BAYLAKE CORP · BYLK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Cera
Officer — Chief Executive Officer · Director
Period of report
Mar 17, 2015
Accepted (ET)
Mar 19, 2015 · 2:57 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 |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | Mar 17, 2015 | A | 6,263 | $0.00 | A | 6,263 | D | |
| Common Stock | holding | — | — | — | 37,454 | D | ||
| Common Stock | holding | — | — | — | 30,350 | I | By IRA | |
| Common Stock | holding | — | — | — | 1,821 | I | By ESPP | |
| Common Stock | holding | — | — | — | 15,000 | I | By Baylake Bank 401K Plan FBO Robert Cera | |
| Restricted Stock UnitsF2 | holding | — | — | — | 4,459 | D | ||
| Restricted Stock UnitsF3 | holding | — | — | — | 13,377 | D | ||
| Restricted Stock UnitsF4 | holding | — | — | — | 6,394 | D | ||
| Restricted Stock UnitsF5 | holding | — | — | — | 2,935 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF6 | $12.52 | Mar 17, 2015 | A | 14,441 | A | — | Mar 17, 2025 | Common Stock | 14,441 | 14,441 | D |
| Stock OptionsF7 | $4.15 | holding | — | — | — | — | Mar 15, 2021 | Common Stock | 17,836 | 17,836 | D |
| Stock OptionsF8 | $6.20 | holding | — | — | — | — | Apr 1, 2022 | Common Stock | 22,296 | 22,296 | D |
| Stock OptionsF9 | $9.50 | holding | — | — | — | — | Mar 19, 2023 | Common Stock | 13,081 | 13,081 | D |
| Stock OptionsF10 | $13.90 | holding | — | — | — | — | Mar 18, 2024 | Common Stock | 15,644 | 15,644 | D |
Explanation of responses
- F1The aggregate restricted stock units were granted on 3/17/2015 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.
- F10The aggregate stock options were granted on 3/18/2014 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 3/15/2011 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 4/1/2012 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 3/19/2013 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 3/18/2014 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 stock options were granted on 3/17/2015 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.
- F7The aggregate stock options were granted on 3/15/2011 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 4/1/2012 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 3/19/2013 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.