FAISON MARGARET THEISS 4
4 · ANNAPOLIS BANCORP INC · Filed May 29, 2009
Insider Transaction Report
Form 4
Transactions
- Exercise of In-Money
Common Stock
2009-05-28$2.64/sh+7,777$20,531→ 34,664 total
Holdings
- 7,931
Stock Option - (right to buy)
Exercise: $8.77→ Common Stock (7,931 underlying)
Footnotes (1)
- [F1]Options granted under the Annapolis Bancorp, Inc. 2006 Stock Incentive Plan vest and expire as follows: (1) 1,066 shares are fully vested and will expire on May 18, 2014; (2) 1,740 shares are 80% vested and will vest 100% beginning May 18, 2010 and expire on May 18, 2015; (3) 3,020 shares are 60% vested and will vest 80% beginning May 18, 2010 and expire on May 18, 2016; and (4) 2,105 shares are 40% vested and will vest 60% beginning May 18, 2010 and expire on May 18, 2017.