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Filing Details

Accession Number:
0001181431-13-063275
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-12-18 11:19:44
Reporting Period:
2013-12-16
Filing Date:
2013-12-18
Accepted Time:
2013-12-18 11:19:44
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
1439128 John Paul Northway 217 N 4Th Ave
Sturgeon Bay WI 54235-2405
No No No Yes
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 2013-12-16 1,674 $4.15 7,185 No 4 M Direct
Common Stock Acquisiton 2013-12-16 837 $6.20 8,022 No 4 M Direct
Common Stock Disposition 2013-12-17 2,511 $12.55 5,511 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Option to Purchase Disposition 2013-12-16 1,674 $4.15 1,674 $4.15
Common Stock Option to Purchase Disposition 2013-12-16 837 $6.20 837 $6.20
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2021-03-15 No 4 X Direct
0 2022-04-01 No 4 X Direct
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 10,000 0 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
2017-06-30 10,000 0 Indirect
Footnotes
  1. The aggregate stock options were granted on 3/15/2011 and vested prior to the filer's termination date. The options remained exercisable for ninety (90) days from the date of such termination.
  2. The aggregate stock options were granted on 4/1/2012 and vested prior to the filer's termination date. The options remained exercisable for ninety (90) days from the date of such termination.
  3. 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.
  4. 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.
  5. June 30, 2017, is the stated maturity date of the convertible promissory notes.