SEC Form 4 · accession 0001437749-15-006793

BAYLAKE CORP · BYLK

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Apr 1, 2015

Accepted (ET)

Apr 2, 2015 · 3:45 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 Stock	Apr 1, 2015	C	10,000	$5.00	A	82,069	D
Common Stock	holding	—	—		—	6,019	I	By ESPP

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
10% Convertible Promissory Notes due 2017^F1,F2,F3	$5.00	Apr 1, 2015	C	—	D	—	Jun 30, 2017	Common Stock	10,000	—	D

F1The convertible promissory note is convertible into shares of common stock at a conversion ratio of one share of common stock for each $5.00 in aggregate principal amount held on the record date of the conversion, subject to adjustment for stock dividends, stock-splits, repurchases or reclassifications, as described in the security.
F2The holder of the convertible promissory note may, at the option of the holder, convert up to the full principal amount of the convertible promissory notes into shares of common stock at any time prior to redemption or maturity. On October 1, 2014, up to one-half of the original principal amount of the convertible promissory note will automatically convert into shares of common stock.
F3June 30, 2017, is the stated maturity date of the convertible promissory notes.