Maskell Charles 4
4 · BAY BANCORP, INC. · Filed Apr 18, 2018
Insider Transaction Report
Form 4
Maskell Charles
Director
Transactions
- Disposition to Issuer
Common Stock
2018-04-13−14,303→ 0 total - Disposition to Issuer
Stock Options
2018-04-13$8.04/sh−11,109$89,316→ 0 totalExercise: $5.47Exp: 2022-05-15→ Common Stock (11,109 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to a merger agreement between the issuer and Old Line Bancshares, Inc. (OLBK) in exchange for 5,847 shares of OLBK common stock having a market value of $32.36 per share on the effective date of the merger, and $2.20 in cash.
- [F2]The stock options vested in five equal installments beginning on the anniversary of the date of grant, May 15, 2012.
- [F3]Pursuant to a merger agreement between the issuer and OLBK, the stock options were canceled in the merger in exchange for a cash payment of $89,316.36, representing the difference between (i) the adjusted value per option share of $13.51 and (ii) the exercise price per option share of $5.47.