ROSENGARTEN TERESA A 4/A

4/A · BAYLAKE CORP · Filed Mar 12, 2012

Form 4/AAmended

Period: 2011-03-15

Executive Vice President

Transactions

Award
Stock Options
2011-03-15+9,488→ 9,488 total
Exercise: $4.15Exp: 2021-03-15→ Common Stock (9,488 underlying)
Award
Restricted Stock Units
2011-03-15+9,488→ 9,488 total

Holdings

Common Stock
3,500
Common Stock
(indirect: By ESPP)
422.721
10% Convertible Promissory Notes due 2017
(indirect: By IRA)
Exercise: $5.00Exp: 2017-06-30→ Common Stock (10,000 underlying)

Footnotes (5)

[F1]The aggregate restricted stock units were granted on 3/15/2011 and vest annually pro rata over a five year period on the first through fifth anniversaries of the grant date. Upon the vesting date, the restricted stock units are converted into shares of common stock under direct ownership of the holder.
[F2]The aggregate stock options were granted on 3/15/2011 and vest annually pro rata over a five year period on the first through fifth anniversaries of the grant date. Upon the vesting date, the stock options are convertible into shares of common stock at the discretion of the holder.
[F3]The convertible promissory note is convertible into shares of common stock at a conversion ratio of one share of common stock for each $5.00 in aggregate principal amount held on the record date of the conversion, subject to adjustment for stock dividends, stock-splits, repurchases or reclassifications, as described in the security.
[F4]The holder of the convertible promissory note may, at the option of the holder, convert up to the full principal amount of the convertible promissory notes into shares of common stock at any time prior to redemption or maturity. On October 1, 2014, up to one-half of the original principal amount of the convertible promissory note will automatically convert into shares of common stock.
[F5]June 30, 2017, is the stated maturity date of the convertible promissory notes.

Documents

1 file