James A. Tamburro - Nov 30, 2023 Form 4 Insider Report for PARTNERS BANCORP (PTRS)

Role
Director
Signature
/s/ J. Adam Sothen, as attorney-in-fact
Stock symbol
PTRS
Transactions as of
Nov 30, 2023
Transactions value $
$0
Form type
4
Date filed
12/1/2023, 05:07 PM
Previous filing
May 10, 2023
Next filing
May 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTRS Common Stock Disposed to Issuer -20.9K -100% 0 Nov 30, 2023 Direct F1
transaction PTRS Common Stock Disposed to Issuer -566 -100% 0 Nov 30, 2023 By spouse's IRA F1
transaction PTRS Common Stock Disposed to Issuer -488 -100% 0 Nov 30, 2023 By spouse as custodian for children F1
transaction PTRS Common Stock Disposed to Issuer -72 -100% 0 Nov 30, 2023 As custodian for children F1
transaction PTRS Common Stock Disposed to Issuer -70 -100% 0 Nov 30, 2023 By spouse in trust for children F1
transaction PTRS Common Stock Disposed to Issuer -700 -100% 0 Nov 30, 2023 By spouse F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

James A. Tamburro is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The shares were disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 22, 2023, by and between LINKBANCORP, Inc. ("LINK") and Partners Bancorp ("Partners"). Pursuant to the Merger Agreement, at the Effective Time (as defined in the Merger Agreement), each share of Partners common stock was converted into the right to receive 1.150 shares of common stock of LINK and cash in lieu of fractional shares. On November 30, 2023, the closing price of the issuer's common stock was $7.15 per share, and the closing price of LINK's common stock was $6.47 per share.
F2 These shares were inadvertently omitted from the reporting person's prior Forms 4.