BAYLAKE CORP 4
4 · BAYLAKE CORP · Filed Oct 2, 2014
Insider Transaction Report
Form 4
BAYLAKE CORPBYLK
CERA ROBERT J
DirectorChief Executive Officer
Transactions
- Conversion
10% Convertible Promissory Notes due 2017
2014-10-01→ 0 total(indirect: By IRA)Exercise: $5.00Exp: 2017-06-30→ Common Stock (10,000 underlying) - Conversion
Common Stock
2014-10-01$5.00/sh+10,000$50,000→ 30,350 total(indirect: By IRA)
Holdings
- 15,000(indirect: By 401(k))
Common Stock
- 13,377
Restricted Stock Units
- 15,644
Stock Options
Exercise: $13.90Exp: 2024-03-18→ Common Stock (15,644 underlying) - 30,129
Common Stock
- 8,526
Restricted Stock Units
- 17,836
Stock Options
Exercise: $4.15Exp: 2021-03-15→ Common Stock (17,836 underlying) - 13,081
Stock Options
Exercise: $9.50Exp: 2023-03-19→ Common Stock (13,081 underlying) - 1,711.243(indirect: By ESPP)
Common Stock
- 8,918
Restricted Stock Units
- 3,669
Restricted Stock Units
- 22,296
Stock Options
Exercise: $6.20Exp: 2022-04-01→ Common Stock (22,296 underlying)
Footnotes (11)
- [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.
- [F10]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.
- [F11]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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]June 30, 2017, is the stated maturity date of the convertible promissory notes.
- [F8]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.
- [F9]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.