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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
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.
  11. June 30, 2017, is the stated maturity date of the convertible promissory notes.