BAYLAKE CORP 4

Accession 0001181431-14-013476

CIK 0000275119operating

View on SEC.gov Company Profile

Filed

Mar 19, 8:00 PM ET

Accepted

Mar 20, 10:37 AM ET

Size

20.2 KB

Accession

0001181431-14-013476

Insider Transaction Report

Form 4

Period: 2014-03-18

BAYLAKE CORPBYLK

CERA ROBERT J

DirectorChief Executive Officer

Transactions

Award
Restricted Stock Units
2014-03-18+3,669→ 3,669 total
Award
Stock Options
2014-03-18+15,644→ 15,644 total
Exercise: $13.90Exp: 2024-03-18→ Common Stock (15,644 underlying)

Holdings

Common Stock
26,970
Common Stock
(indirect: By ESPP)
1,605.925
Restricted Stock Units
8,918
Restricted Stock Units
17,836
Restricted Stock Units
8,526
Stock Options
Exercise: $9.50Exp: 2023-03-19→ Common Stock (13,081 underlying)
13,081
10% Convertible Promissory Notes due 2017
(indirect: By 401(k))
Exercise: $5.00Exp: 2017-06-30→ Common Stock (15,000 underlying)
Common Stock
(indirect: By IRA)
20,350
Stock Options
Exercise: $4.15Exp: 2021-03-15→ Common Stock (17,836 underlying)
17,836
Stock Options
Exercise: $6.20Exp: 2022-04-01→ Common Stock (22,296 underlying)
22,296
10% Convertible Promissory Notes due 2017
(indirect: By IRA)
Exercise: $5.00Exp: 2017-06-30→ Common Stock (10,000 underlying)

Footnotes (11)

[F1]The aggregate restricted stock units were granted on 3/18/2014 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.
[F10]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.
[F11]June 30, 2017, is the stated maturity date of the convertible promissory notes.
[F2]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.
[F3]The aggregate restricted stock units were granted on 4/1/2012 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.
[F4]The aggregate restricted stock units were granted on 3/19/2013 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.
[F5]The aggregate stock options were granted on 3/18/2014 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.
[F6]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.
[F7]The aggregate stock options were granted on 4/1/2012 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.
[F8]The aggregate stock options were granted on 3/19/2013 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.
[F9]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.

Documents

1 file

4
rrd405407.xmlPrimary

Issuer

BAYLAKE CORP

CIK 0000275119

→

Entity typeoperating

IncorporatedWI

Related Parties

filerCIK 0000275119

Filing Metadata

Form type: 4
Filed: Mar 19, 8:00 PM ET
Accepted: Mar 20, 10:37 AM ET
Size: 20.2 KB

View on SEC.gov