Filing Details
- Accession Number:
- 0001181431-14-016804
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-04-24 10:11:43
- Reporting Period:
- 2014-04-23
- Filing Date:
- 2014-04-24
- Accepted Time:
- 2014-04-24 10:11:43
- SEC Url:
- Form 4 Filing
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 |
---|---|---|---|---|---|---|---|
1256643 | J Robert Cera | 217 North Fourth Avenue Sturgeon Bay WI 54235-2405 | Chief Executive Officer | Yes | Yes | 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 | Disposition | 2014-04-23 | 1,300 | $12.69 | 30,129 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock | 20,350 | Indirect | By IRA |
Common Stock | 1,619 | Indirect | By ESPP |
Restricted Stock Units | 8,918 | Direct | |
Restricted Stock Units | 13,377 | Direct | |
Restricted Stock Units | 8,526 | Direct | |
Restricted Stock Units | 3,669 | Direct |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock | Stock Options | $4.15 | 2021-03-15 | 17,836 | 17,836 | Direct | |
Common Stock | Stock Options | $6.20 | 2022-04-01 | 22,296 | 22,296 | Direct | |
Common Stock | Stock Options | $9.50 | 2023-03-19 | 13,081 | 13,081 | Direct | |
Common Stock | Stock Options | $13.90 | 2024-03-18 | 15,644 | 15,644 | Direct | |
Common Stock | 10% Convertible Promissory Notes due 2017 | $5.00 | 2017-06-30 | 10,000 | 0 | Indirect | |
Common Stock | 10% Convertible Promissory Notes due 2017 | $5.00 | 2017-06-30 | 15,000 | 0 | Indirect |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
2021-03-15 | 17,836 | 17,836 | Direct |
2022-04-01 | 22,296 | 22,296 | Direct |
2023-03-19 | 13,081 | 13,081 | Direct |
2024-03-18 | 15,644 | 15,644 | Direct |
2017-06-30 | 10,000 | 0 | Indirect |
2017-06-30 | 15,000 | 0 | Indirect |
Footnotes
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.