Home > Insider Trading > Filing (0001181431-13-063275)

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
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
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
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

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.
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.
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.