Watts Thomas B 4
4 · OLD LINE BANCSHARES INC · Filed Apr 7, 2011
Insider Transaction Report
Form 4
Watts Thomas B
Director
Transactions
- Other
Common stock
2011-04-01+39,645→ 39,645 total - Other
Common stock
2011-04-01+7,020→ 13,590 total(indirect: By Trust) - Other
Common stock
2011-04-01+288,777→ 288,777 total(indirect: Katherine D. Watts)
Holdings
- 1,080(indirect: J. Frank Raley Ins.)
Common stock
Footnotes (4)
- [F1]Received in exchange for 11,384 shares of Maryland Bankcorp, Inc. common stock in connection with the merger of Maryland Bankcorp, Inc. into Old Line Bancshares, Inc. On the effective date of the merger there was no established trading market for Maryland Bankcorp, Inc. stock. Based on sporadic trades, the last reported trade for Bloomberg Businessweek indicated a price of $14.60. The closing price of Old Line Bancshares, Inc.'s common stock on the effective date of the merger was $9.20. As a result of the merger, each share of Maryland Bankcorp common stock automatically convereted into a right to receive a cash payment of $29.11, subject to the aggregate cash consideration limitation provided in the merger agreement, or 3.4826 shares of Old Line Bancshares, Inc. common stock.
- [F2]Received in exchange for 2,016 shares of Maryland Bankcorp, Inc. common stock in connection with the merger of Maryland Bankcorp, Inc. into Old Line Bancshares, Inc. On the effective date of the merger there was no established trading market for Maryland Bankcorp, Inc. stock. Based on sporadic trades, the last reported trade for Bloomberg Businessweek indicated a price of $14.60. The closing price of Old Line Bancshares, Inc.'s common stock on the effective date of the merger was $9.20. As a result of the merger, each share of Maryland Bankcorp common stock automatically convereted into a right to receive a cash payment of $29.11, subject to the aggregate cash consideration limitation provided in the merger agreement, or 3.4826 shares of Old Line Bancshares, Inc. common stock.
- [F3]The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purpose of Section 16 or any other purpose.
- [F4]Received in exchange for 82,920 shares of Maryland Bankcorp, Inc. common stock in connection with the merger of Maryland Bankcorp, Inc. into Old Line Bancshares, Inc. On the effective date of the merger there was no established trading market for Maryland Bankcorp, Inc. stock. Based on sporadic trades, the last reported trade for Bloomberg Businessweek indicated a price of $14.60. The closing price of Old Line Bancshares, Inc.'s common stock on the effective date of the merger was $9.20. As a result of the merger, each share of Maryland Bankcorp common stock automatically convereted into a right to receive a cash payment of $29.11, subject to the aggregate cash consideration limitation provided in the merger agreement, or 3.4826 shares of Old Line Bancshares, Inc. common stock.