LERNER LAWRENCE E 4
4 · ANNAPOLIS BANCORP INC · Filed Jan 26, 2010
Insider Transaction Report
Form 4
LERNER LAWRENCE E
Director10% Owner
Transactions
- Award
Common Stock
2010-01-22+0→ 1,604,784 total
Holdings
- 8,888
Stock option - (right to buy)
Exercise: $2.42Exp: 2010-04-28→ Common Stock (8,888 underlying)
Footnotes (3)
- [F1]Restricted share units granted under the Annapolis Bancorp, Inc. 2006 Stock Incentive Plan valued at $5,000 that will vest on January 28, 2011. The number of shares of Annapolis Bancorp, Inc. common stock acquired by the Reporting Person will be based on $5,000 value divided by the per share closing price of the common stock on February 19, 2010 (with cash in lieu of fractional shares).
- [F2]Includes 2,000 shares of Annapolis Bancorp, Inc. common stock underlying the restricted share units granted on January 23, 2009 under the Annapolis Bancorp, Inc. 2006 Stock Incentive Plan that vested 100% on January 23, 2010. Does not include the number of shares of common stock underlying the restricted share units granted on January 22, 2010, which will be based on $5,000 value divided by the per share closing price of the common stock on February 19, 2010.
- [F3]Option granted under the Annapolis National Bancorp, Inc. 2000 Stock Incentive Plan vested in five equal annual installments commencing on April 28, 2001 and, therefore, is currently exercisable.