SEC Form 4 · accession 0001218591-18-000014
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
Nov 1, 2018
Accepted (ET)
Nov 5, 2018 · 11:47 am EST
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 | Nov 1, 2018 | M | 25,000 | $5.31 | A | 131,269 | D | |
| Common StockF1 | holding | — | — | — | 1,376,564 | D | ||
| 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 StockF2 | holding | — | — | — | 144,969 | 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)F3 | $5.31 | Nov 1, 2018 | M | 25,000 | A | — | Nov 5, 2018 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1These shares are jointly owned by Alan J. Hyatt and, his spouse, Sharon G. Hyatt.
- F2Relfects shares allocated to Alan J. Hyatt's ESOP account.
- F3This option vested in five equal annual installments beginning on November 5, 2013.