SEC Form 4 · accession 0001014100-18-000006
BAY BANCORP, INC. · BYBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry D Pickett
Officer — EVP - CFO
Period of report
Jan 25, 2017
Accepted (ET)
Apr 13, 2018 · 3:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000859222
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 25, 2017 | A | 4,115 | $7.10 | A | 31,486 | D | |
| Common Stock | Apr 9, 2018 | M | 26,000 | $5.15 | A | 57,486 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1 | $5.15 | Apr 9, 2018 | M | 26,000 | D | — | Jan 2, 2024 | Common Stock | 26,000 | 24,000 | D |
Explanation of responses
- F1The stock options were set to vest in five equal annual installments beginning on the date of grant. In accordance with the terms of the options, the Administrator of the equity plan under which they were granted accelerated the vesting thereof on March 28, 2018 in contemplation of the issuer's pending change in control transaction.