Home > Insider Trading > Filing (0001181431-11-047443)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
275119	Baylake Corp	BYLK	State Commercial Banks (6022)	391268055

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1254918	J Paul Sturm	217 North Fourth Avenue Sturgeon Bay WI 54235-2405		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-08-26	1,765	$3.75	48,265	No	4	P	Direct
Common Stock	Acquisiton	2011-08-29	1,107	$3.75	49,372	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	4,361	Indirect	By Son 2, Matthew
Common Stock	4,341	Indirect	By Wife, Pam Sturm
Common Stock	4,350	Indirect	By Son 1, Christopher
Common Stock	4,361	Indirect	By Daughter 1, Heather
Common Stock	4,361	Indirect	By Daughter 2, Heather

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	10% Convertible Promissory Notes due 2017	$5.00		2017-06-30	20,000	0	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-06-30	20,000	0	Direct

Footnotes

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.
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.
June 30, 2017, is the stated maturity date of the convertible promissory notes.