FIRST MARINER BANCORP 5
5 · FIRST MARINER BANCORP · Filed Mar 27, 2000
Insider Transaction Report
Form 5
MANTAKOS GEORGE H
DirectorEXECUTIVE VICE PRESIDENT
Transactions
- Award
STOCK OPTION (RIGHT TO BUY)
1999-02-16+40,000→ 40,000 totalExercise: $11.75→ COMMON STOCK (40,000 underlying)
Footnotes (2)
- [1]Includes 500 shares received as a stock dividend that was declared on May 12, 1998 and paid to stockholders of record on May 26, 1998.
- [2]THE OPTIONS ARE EXERCISABLE AS FOLLOWS: One third of the options are exercisable on the date of grant, one third of the options are exercisable on 2/16/00 and one third of the options are exercisable on 2/16/01, subject to the following conditions:(i) the first 50% of the total number of options may be exercised only if the price of the Company's stock on the exchange the shares are traded equals or exceeds $14.25 for at least 10 trading days in any consecutive 30 calendar day period (the "Trading Period");(ii) the next 25% of the total number of options may be exercised only if the price of the Company's stock on the exchange the shares are traded equals or exceeds $16.75 for the Trading Period; and (iii) the last 25% of the total number of options may be exercised only if the price of the Company's stock on the exchange the shares are traded equals or exceeds $19.25 for the Trading Period.