BAYLAKE CORP 4

Accession 0001437749-14-017848

CIK 0000275119operating

View on SEC.gov Company Profile

Filed

Oct 1, 8:00 PM ET

Accepted

Oct 2, 12:56 PM ET

Size

18.6 KB

Accession

0001437749-14-017848

Insider Transaction Report

Form 4

Period: 2014-10-01

BAYLAKE CORPBYLK

GILSON MICHAEL J

Market President

Transactions

Conversion
Common Stock
2014-10-01$5.00/sh+2,500$12,500→ 39,187.128 total(indirect: By IRA)
Conversion
10% Convertible Promissory Notes due 2017
2014-10-01(indirect: By IRA)
Exercise: $5.00Exp: 2017-06-30→ Common Stock (2,500 underlying)

Holdings

Restricted Stock Units
863
Common Stock
4,736
Stock Options
Exercise: $9.50Exp: 2023-03-19→ Common Stock (3,423 underlying)
3,423
Stock Options
Exercise: $13.90Exp: 2024-03-18→ Common Stock (3,681 underlying)
3,681
Stock Options
Exercise: $4.15Exp: 2021-03-15→ Common Stock (4,177 underlying)
4,177
Stock Options
Exercise: $6.20Exp: 2022-04-01→ Common Stock (4,177 underlying)
4,177
Restricted Stock Units
1,670
Common Stock
(indirect: By Son)
2,195.213
Restricted Stock Units
2,506
Restricted Stock Units
2,231

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.

Documents

1 file

4
rdgdoc.xmlPrimary
FORM 4

Issuer

BAYLAKE CORP

CIK 0000275119

→

Entity typeoperating

IncorporatedWI

Related Parties

filerCIK 0000275119

Filing Metadata

Form type: 4
Filed: Oct 1, 8:00 PM ET
Accepted: Oct 2, 12:56 PM ET
Size: 18.6 KB

View on SEC.gov