MCMULLAN MICHAEL 4

4 · BANK OF FLORIDA CORP · Filed Jul 1, 2009

Form 4

Period: 2009-06-29

DirectorPresident & CEO

Transactions

Purchase
Series B Preferred Stock
2009-06-29$25000.00/sh+4$100,000→ 4 total
Exercise: $25000.00From: 2009-06-29Exp: 2011-01-01→ Newly issued securities
Purchase
Warrants
2009-06-29$25000.00/sh+4$100,000→ 4 total
Exercise: $3.47From: 2009-06-29Exp: 2019-06-29→ Common Stock (2,880 underlying)

Holdings

Common Stock
(indirect: By 401(k))
18,188
Common Stock
(indirect: By Spouse)
3,924
Options
Exercise: $10.00From: 2001-05-17Exp: 2011-05-17→ Common Stock (2,500 underlying)
2,500
Stock Option
Exercise: $20.50From: 2008-01-03Exp: 2017-01-03→ Common Stock (15,000 underlying)
15,000
Restricted Common Stock
10,000
Options
Exercise: $23.10From: 2005-12-14Exp: 2015-12-14→ Common Stock (25,000 underlying)
25,000
Common Stock
(indirect: By IRA)
10,000
Restricted Common Stock
20,000
Options
Exercise: $11.29From: 2004-10-21Exp: 2013-10-21→ Common Stock (10,000 underlying)
10,000
Restricted Common Stock
26,000
Options
Exercise: $10.00From: 2003-08-28Exp: 2012-08-28→ Common Stock (30,000 underlying)
30,000

Footnotes (7)

[F1]Vests in five annual installments.
[F2]Vests in five annual installments beginning on this date.
[F3]Becomes non-forfeitable on the third anniversary of the date of grant, provided there has been four consecutive quarters of profitability.
[F4]Becomes non-forfeitable on the first anniversary of the date of grant.
[F5]Becomes non-forfeitable over a five year vesting schedule beginning on the first anniversary of the date of grant.
[F6]If BOFL conducts any offering for the sale of newly issued securities the Series B Preferred Stock is convertible into the newly offered securities at an exchange rate of $25,000 worth of new securities for each share of Series B Preferred Stock.
[F7]Purchased as part of a unit consisting of one share of Series B Preferred Stock and one warrant to purchase 720 shares of common stock.

Documents

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