Home > Insider Trading > Filing (0001181431-12-030904)

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
1486969	James Louis Jeanquart	217 N 4Th Ave 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	2012-05-16	5,000	$6.50	149,074	No	4	P	Direct

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	56,705	Direct
Common Stock	23,995	Indirect	By IRA
Common Stock	3,000	Indirect	By JIT Corp
Common Stock	1,131	Indirect	By ESPP

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	80,000	0	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-06-30	80,000	0	Direct

Footnotes

JIT Corp owns 3,000 shares of which the filer, as President of JIT Corp, has a pecuniary interest.
The convertible promissory note it 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.