SEC Form 4 · accession 0001218591-15-000005
SEVERN BANCORP INC · SVBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan J Hyatt
Officer — President, CEO · Director · 10% Owner
Period of report
Mar 16, 2015
Accepted (ET)
Mar 17, 2015 · 3:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000868271
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 16, 2015 | M | 20,000 | $4.54 | A | 115,019 | D | |
| Common Stock | Mar 16, 2015 | G | 15,000 | $0.00 | D | 100,019 | D | |
| CommonStockF2 | Mar 16, 2015 | G | 15,000 | $0.00 | A | 1,362,564 | D | |
| Common Stock | holding | — | — | — | 7,744 | I | custodian for son | |
| Common Stock | holding | — | — | — | 7,744 | I | custodian for daughter | |
| Common Stock | holding | — | — | — | 7,744 | I | custodian for daughter | |
| Common Stock | holding | — | — | — | 7,738 | I | By spouse | |
| Common StockF3 | holding | — | — | — | 142,147 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F4 | $4.54 | Mar 16, 2015 | M | 20,000 | D | — | Mar 16, 2015 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1Following the exercise of the option for 20,000 shares, Alan J. Hyatt had 15,000 shares titled in the name of himself and his spouse, Sharon G. Hyatt.
- F2These shares are jointly owned by Alan J. Hyatt and, his spouse, Sharon G. Hyatt.
- F3Reflects shares allocated to Alan J. Hyatt's ESOP account
- F4This option vested in five equal annual installments beginning on March 16, 2011.