SEC Form 4 · accession 0001437749-15-011136
BAYLAKE CORP · BYLK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Teresa A Rosengarten
Other
Period of report
May 22, 2015
Accepted (ET)
May 27, 2015 · 3:52 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 | May 22, 2015 | M | 7,591 | $4.15 | A | 36,349 | D | |
| Common Stock | May 22, 2015 | M | 5,693 | $6.20 | A | 42,042 | D | |
| Common Stock | May 22, 2015 | M | 2,094 | $9.50 | A | 44,136 | D | |
| Common Stock | May 22, 2015 | S | 15,378 | $12.50 | D | 28,758 | D | |
| Common Stock | holding | — | — | — | 719 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to PurchaseF1 | $4.15 | May 22, 2015 | X | 7,591 | D | — | Mar 15, 2021 | Common Stock | 7,591 | 0 | D |
| Options to PurchaseF2 | $6.20 | May 22, 2015 | X | 5,693 | D | — | Apr 1, 2022 | Common Stock | 5,693 | 0 | D |
| Options to PurchaseF3 | $9.50 | May 22, 2015 | X | 2,094 | D | — | Mar 19, 2023 | Common Stock | 2,094 | 0 | D |
| Stock OptionsF4 | $13.90 | holding | — | — | — | — | Mar 18, 2024 | Common Stock | 5,706 | 5,706 | D |
Explanation of responses
- F1The 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.
- F2The 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.
- F3The 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.
- F4The 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.