BAYLAKE CORP 4
4 · BAYLAKE CORP · Filed Jul 1, 2014
Insider Transaction Report
Form 4
BAYLAKE CORPBYLK
BRAUN RICHARD A
Director
Transactions
- Conversion
10% Convertible Promissory Notes due 2017
2014-07-01(indirect: By IRA)Exercise: $5.00Exp: 2017-06-30→ Common Stock (20,000 underlying) - Conversion
Common Stock
2014-07-01$5.00/sh+20,000$100,000→ 20,000 total(indirect: By IRA)
Holdings
- 110,000
Common Stock
Footnotes (2)
- [F1]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.
- [F2]June 30, 2017, is the stated maturity date of the convertible promissory notes.