James A. Tamburro - 15 Dec 2021 Form 4 Insider Report for PARTNERS BANCORP

Role
Director
Signature
J. Adam Sothen, as attorney-in-fact
Issuer symbol
N/A
Transactions as of
15 Dec 2021
Net transactions value
+$4,256
Form type
4
Filing time
07 Jan 2022, 17:04:50 UTC
Previous filing
04 Oct 2021
Next filing
10 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTRS Common Stock Options Exercise $4,256 +1,028 +5.5% $4.14 19,748 15 Dec 2021 Direct
holding PTRS Common Stock 566 15 Dec 2021 By spouse's IRA
holding PTRS Common Stock 488 15 Dec 2021 By spouse as custodian for children
holding PTRS Common Stock 72 15 Dec 2021 As custodian for children
holding PTRS Common Stock 70 15 Dec 2021 By spouse in trust for children

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PTRS Stock Option (right to buy) Options Exercise $0 -1,028 -100% $0.000000* 0 15 Dec 2021 Common Stock 1,028 $4.14 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option was originally exercisable in five equal annual installments on March 26, 2014, March 26, 2015, March 26, 2016, March 26, 2017, and March 27, 2018; however, the option became fully exercisable in connection with the acquisition of Liberty Bell Bank by the Issuer on March 1, 2018.