4//SEC Filing
HALE EDWIN F SR 4
Accession 0001225208-10-010353
CIK 0000946090other
Filed
Apr 13, 8:00 PM ET
Accepted
Apr 14, 7:40 PM ET
Size
6.3 KB
Accession
0001225208-10-010353
Insider Transaction Report
Form 4
HALE EDWIN F SR
DirectorCHAIRMAN OF THE BOARD AND CEO10% Owner
Transactions
- Award
Common Stock
2010-04-12+113,114→ 2,955,496 total
Holdings
- 25(indirect: By Daughter)
Common Stock
Footnotes (1)
- [F1]On March 30, 2010, the Company exchanged $20.0 million of trust preferred securities for common stock valued at $2.0 million and a warrant to acquire common stock (the "Exchange"). The Exchange was completed with Edwin F. Hale, Sr., after being approved by stockholders on March 19, 2010. Mr. Hale had purchased the trust preferred securities from an independent third party for $2.0 million. In the Exchange, First Mariner issued 1,626,016 shares, determined by dividing $2.0 million by $1.23, the average daily closing price during a relevant period before the Exchange closed. On April 12, 2010, the Company sold 9,503,736 shares of common stock in a stock offering at $1.15 per share. The terms of the Exchange require that, because the per share price of the stock offering ($1.15) was less than the Exchange price ($1.23), Mr. Hale is entitled to receive 113,114 additional shares in the Exchange.
Documents
Issuer
FIRST MARINER BANCORP
CIK 0000946090
Entity typeother
Related Parties
1- filerCIK 0001029364
Filing Metadata
- Form type
- 4
- Filed
- Apr 13, 8:00 PM ET
- Accepted
- Apr 14, 7:40 PM ET
- Size
- 6.3 KB